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What is the gift tax liability

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Reference no: EM131620028

Question - Assume no prior taxable gifts by D. In 2015, D makes taxable gifts aggregating $100,000 (net of the annual exclusion) to A. In 2016, D makes a taxable gift of $250,000 (net of the annual exclusion) to B. What is the gift tax liability in 2016?

A. $0

B. $23,800

c. $81,000

D. None of the above

Reference no: EM131620028

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