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How much can they transfer to the plan for grandchildren

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Reference no: EM133034858

Problem - Noah and Sophia want to make a maximum contribution to their state's qualified tuition program (Code 529 plan) on behalf of their 3 grandchildren without exceeding the annual Federal gift tax exclusion.

a. How much can they transfer to the plan for grandchildren without incurring a current Federal gift tax?

b. Express your answer as a Microsoft Excel command.

Reference no: EM133034858

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