Amount of lance total taxable gifts

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Reference no: EM133167668

Lance has two adult children from a previous marriage. He has gifted them money for the past three years as follows:

2014: Gifts of $60,000 to each child

2015: Gifts of $40,000 to each child

2016: Gifts of $50,000 to each child

What is the amount of Lance's total taxable gifts? Show your computations.

Reference no: EM133167668

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