Business
Business, 26.02.2020 19:13, nataliatf9833

Using property she inherited, Myrna makes a 2018 gift of $16.2 million to her adult daughter, Doris. Neither Myrna nor her husband, Greg has made any prior taxable gifts. Determine the gift tax liability if. a. The election to split gift is not made. b. The election to split gifts is made. c. What are the tax savings from making the election?

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Using property she inherited, Myrna makes a 2018 gift of $16.2 million to her adult daughter, Doris....

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