Indicate by a T if the following results in a taxable gift and an N if it does not result in a taxable gift.
-$100,000 diamond ring given to a fiancé

Name: Indicate by a T if the following results in a taxable gift and an N if it does not result in a taxable gift. -$100,000 diamond ring given to a fiancé
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Question

Quizplus · Accepted Answer

A gift to a fiancé is considered a taxable gift because it is not a transfer to a spouse, which would be exempt under the marital deduction.

Indicate by a T If the Following Results in a Taxable