What is the total amount of tina taxable gifts

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Question - Tina made the following transfers during 2021:$17,000 to her grandson's law school for his tuition.

$1,000 to her neighbor to help him pay a hospital bill.

A transfer of property valued at $100,000 to a GRAT. Tina retained an annuity valued at $40,000 and her daughter is the remainder beneficiary.

What is the total amount of Tina's taxable gifts for 2021?

1. $40,000

2. $60,000

3. $62,000

4. $65,000

Reference no: EM132905954

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