When a gift-splitting election is made, gifts made by either spouse during the year will be treated as if each spouse made one-half of the transfer.

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When a gift-splitting election is made, gifts made by either spouse during the year will be treated as if each spouse made one-half of the transfer. This means that each spouse's annual exclusion for gift tax purposes will be applied to the gift.

When a Gift-Splitting Election Is Made, Gifts Made by Either