What are the gift tax consequences

Reference no: EM132783887

Problem 1: Abel wants to pass Blackacre to his two children immediately. If he disclaims his interest, will that happen? What are the gift tax consequences of his disclaimer?

Problem 2: What are the gift tax consequences if Brenda disclaims an interest in $600,000?

Problem 3: What are the gift tax consequences if Carol disclaims her interest in one-half of the IBM stock?

Problem 4: What are the gift tax consequences if Edward wants to disclaim part of his interest in Whiteacre? Can he make a qualified disclaimer of a specific portion of Whiteacre, for example, of the "south 40 acres"?

Attachment:- IBM stock.zip

Reference no: EM132783887

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