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marissa [1.9K]
3 years ago
11

In 2019, Sayer, who is single, have an outright gift of $53,000 to a friend, Johnson, who needed the money to pay medical expens

es. In filing the 2019 gift tax return, Sayer was entitled to a maximum exclusion of _____
Business
1 answer:
AlekseyPX3 years ago
6 0

Answer:

$53,000

Explanation:

Remember, Johnson, needed the money to pay medical expenses. It is important to note that even though any gift is a taxable gift, there are many exceptions to the tax rule. One such gift that is not taxable is; Medical expenses you pay for someone.

In filing the 2019 gift tax return Sayer would by entitled to an exclusion of $53,000.

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