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How much Ginny taxable gifts if gift splitting is elected

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Question - Ginny made the following gifts during 2018. Her husband, Ken, made no gifts during the yearGift of land valued at $250,000 to her husband.

Gift of $20,000 in stock to her daughter.

Gift of $32,000 to her sister to pay for medical expenses.

Required -

a. How much are Ginny's taxable gifts if gift splitting is not elected?

b. How much are Ginny's taxable gifts if gift splitting is elected?

Reference no: EM132441368

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