What is a gift, and when is a gift made? Describe the following terms as they relate

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What is a gift, and when is a gift made? Describe the following terms as they relate to federal gift taxes:
(a) Annual exclusion
(b) Gift splitting
(c) Charitable deduction
(d) Marital deduction.

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:41 AM

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What is a gift, and when is a gift made? Describe the following terms as they relate

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Gifts are generally defined with reference to the consideration received A transfer for less than adequate and full consideration in money or moneys w...View the full answer

Personal Financial Planning

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