What it was designed to accomplish

Assignment Help Accounting Basics

Reference no: EM13129534

Regarding the gift splitting provision of 2513, comment on the following:

a. What it was designed to accomplish
b. The treatment of any taxable gifts previously made by the non-owner spouse.
c. How the election is made.
d. The spouses are divorced during the year.
e. The utility of the election in a community property jurisdiction.

Reference no: EM13129534

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