In 2019, Marah gives $20,000 cash to Sam, $60,000 of stock to Craig, and $100,000 of bonds

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In 2019, Marah gives $20,000 cash to Sam, $60,000 of stock to Craig, and $100,000 of bonds to Lynn. In the same year, Marah’s husband, Bryan, gives land valued at $120,000 to Jerry.

a. What are Marah and Bryan’s taxable gifts if they do not elect gift splitting?

b. What are the couple’s taxable gifts assuming the couple elects gift splitting?

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Taxation For Decision Makers 2020

ISBN: 9781119562108

10th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: May 12, 2023 09:07 AM

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In 2019, Marah gives $20,000 cash to Sam, $60,000 of stock to Craig, and $100,000 of bonds

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Taxation For Decision Makers 2020

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