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kvv77 [185]
2 years ago
6

The total of paul's taxable gifts, assuming he does not elect gift splitting with his spouse, subject to the unified transfer ta

x is:________
Business
1 answer:
Tanya [424]2 years ago
4 0

Gift splitting permits a married couple to merge their gift tax exemptions to help enhance the advantages of tax-free gifting.

<h3>What is a gift-splitting gift?</h3>

This method is not automatic, and the ability to split gifts requires that certain prerequisites are met, including the consent of both spouses on a pointed federal gift tax return.

Gift splitting allows a wedding couple to combine their gift tax exemptions to help enhance the advantages of tax-free gifting.

The unified tax credit gives a set dollar quantity that an individual can gift during their lifetime and give on to heirs before any gift or estate taxes apply.

To learn about unified tax credit visit the link

brainly.com/question/8176727

#SPJ4

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The balance in the Colt Company's cash account on August 31 was $18,900 before the bank reconciliation was prepared. After exami
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