Problem: Ginny made the following gifts during 2018. Her husband, Ken, made no gifts during the year Gift of land valued at $250,000 to her husband.
Gift of $20,000 in stock to her daughter.
Gift of $32,000 to her sister to pay for medical expenses.
Required:
Q1. How much are Ginny's taxable gifts if gift splitting is not elected?
Q2. How much are Ginny's taxable gifts if gift splitting is elected?
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