Charles gave his three grandsons 20000 each his friend joe, Ask an Expert

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Charles gave his three grandsons $20,000 each, his friend, Joe, $15,000, and his daughter $30,000. His second wife, Marla, gave her three children $50,000 each and $50,000 to her church. What are their combined taxable gifts if they do not elect gift splitting?

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Accounting Basics, Accounting

Category:- Accounting Basics
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