John gave $32,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts

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John gave $32,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts during 2018.
a. How much are John’s taxable gifts if gift splitting is not elected?
b. How much are John’s taxable gifts if gift splitting is elected?

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Taxation For Decision Makers 2019

ISBN: 9781119497288

9th Edition

Authors: Shirley Dennis Escoffier, Karen A. Fortin

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Question Posted: Apr 17, 2019 08:13 AM

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John gave $32,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts

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Taxation For Decision Makers 2019

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