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What is the amount of her taxable gift

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Reference no: EM132527262

Question - Seneca would like to start building a college education fund for her 5-year old daughter. In 2018, Seneca contributes $80,000 to the designated carrier of her state's § 529 plan. Assuming Seneca makes the five-year election what is the amount of her taxable gift?

Reference no: EM132527262

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