Transfers of equity interests to family members may result in gift tax liability.

Name: Transfers of equity interests to family members may result in gift tax liability.
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Question

Quizplus · Accepted Answer

Transfers of equity interests to family members are considered gifts and may be subject to gift tax liability. The current annual gift tax exclusion is $15,000 per recipient, and any gift exceeding this amount may be subject to gift taxes.

Transfers of Equity Interests to Family Members May Result in Gift