hg In 2024, Samantha gave each of her three nephews birthday gifts of $11,050 incash. At Christmas, Samantha gave each of her three nephews Christmas gifts ofan additional $13,050 in cash. What is the amount of the total taxable gifts, if any,made by Samantha this year?

To determine the taxable amount of the gifts Samantha gave, let's use the IRS gift tax rules for…

Answered: In 2024, Samantha gave each of her…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter27: The Federal Gift And Estate Taxes

Section: Chapter Questions

Problem 5BCRQ

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In 2024, Samantha gave each of her three nephews birthday gifts of $11,050 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $13,050 in cash. What is the amount of the total taxable gifts, if any, made by Samantha this year?