On what amount is the federal gift tax computed

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Question - Elizabeth made taxable gifts of $6,850,000 in 2019 and $8,905,000 in 2020. She paid no gift tax on the 2019 transfer. On what amount is the Federal gift tax computed for the 2020 gift?

Reference no: EM132924509

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On what amount is the federal gift tax computed : Elizabeth made taxable gifts of $6,850,000 in 2019 and $8,905,000 in 2020. On what amount is the Federal gift tax computed
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