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What is the amount of bettys taxable gifts

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Gift Tax. Betty, a married taxpayer, makes the following gifts during the current year (2016): $20,000 to her church, $50,000 to her daughter, and $40,000 to her husband.

Question 1: What is the amount of Betty's taxable gifts for the current year (assuming that she does not elect to split the gifts with her spouse)? What is the total gift given and taxable gift to her daughter, husband contribution to church. This question is from Tax Accounting

Reference no: EM132465378

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