Carl gave his six children gifts of $15,000 each in the current year.
A) Carl has made $90,000 of taxable gifts.
B) Carl has made $6,000 of taxable gifts.
C) Carl has made no taxable gifts if he and his wife elect gift splitting.
D) (a) and (b) are both true.
E) (b) and (c) are both true.
Correct Answer:
Verified
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