Business, 13.07.2019 04:20, kandikisses5594

Argo and his wife, who had made no previous gifts, gifted $125,000 in total present interest gifts to each of 6 grandchildren in separate accounts in the current year. they allocated their gst exemption to the accounts. how much gst tax do they each owe? $0. $156,000 after the annual exclusions. $232,800 (40% of $582,000). $300,000 (40% of $750,000).

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Argo and his wife, who had made no previous gifts, gifted $125,000 in total present interest gifts t...