Which of the following situations requires that a gift tax return be filed?

Name: Which of the following situations requires that a gift tax return be filed?
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

A gift tax return is required when a gift exceeds the annual exclusion limit or involves a transfer of property where the recipient provides no consideration. In option D, Ida's action of listing Mark as a joint tenant without consideration constitutes a gift that may exceed the annual exclusion, necessitating a gift tax return.

Which of the Following Situations Requires That a Gift Tax