The purchase of a $15,000 engagement ring generates a taxable gift necessitating the filing of a gift tax return.

Name: The purchase of a $15,000 engagement ring generates a taxable gift necessitating the filing of a gift tax return.
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The purchase of a $15,000 engagement ring is considered a taxable gift and exceeds the annual gift tax exclusion limit of $15,000. Therefore, it would require the filing of a gift tax return.

The Purchase of a $15,000 Engagement Ring Generates a Taxable