a married couple, Renata and Lionel, decide to give gifts to help their friends. They choose to treat all gifts given by either spouse to a third party during the year as if the gifts were made one-half by each spouse. Renata gives a 20000 gift to one couple (sam and Diane) and Lionel gives a 16000 gift to a second couple (ray and debra). What is the amount of the reduction in the lifetime exemption from the gifts?

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