Regarding the gift splitting provision of 2513 comment on, Ask an Expert

Accounting

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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9409732

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