Which of the following is a completed taxable gift?
A) $20,000 in cash contributed to the committee to reelect Senator BlowHard.
B) $15,000 in cash given to Valley Hospital for the care of a neighbor who was in an auto accident.
C) $18,000 in cash given to a needy student to pay for college tuition.
D) $55,000 in cash transferred to a former spouse under a written property settlement shortly after a divorce.
E) None of these is a completed taxable gift.
Correct Answer:
Verified
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