done? 2018 a grandfather gave a life estate to his grandson and a remainder interest to...
done? 2018 a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued is $15000. The gift to the granddaughter is.
Homework Answers
Answer:
The gift to the granddaughter is shielded by the annual gift tax exclusion.
For gift, annual exclusion limit for 2018 is $15,000. Hence gift up to $15,000 per person to family members or other persons does not attract federal gift tax in 2018.
In addition to the annual exclusion life-time exclusion limit (cumulative values in excess of the annual exclusion) is $11,180,000 in 2018.
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done? 2018 a grandfather gave a life estate to his
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In 2017, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued at $13,000. The gift to the granddaughter is:
In 2017, a grandfather gave a life estate to his grandson and a remainder interest to...
In 2017, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued at $13,000. The gift to the granddaughter is:
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