For estate planning purposes, Albert began distributing gifts in 2012.Already, in 2012, Albert has given his daughter stocks costing $5,000, with a current market value of $10,000.
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Required:
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What is the maximum additional gift Albert can give in 2012 to his daughter in cash without incurring any gift tax liability assuming that:
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a.Albert is single.
b.Albert is married and his wife is willing to give the maximum amount the couple is allowed.

Question

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The Answer of For estate planning purposes, Albert began distributing gifts in 2012.Already, in 2012, Albert has given his daughter stocks costing $5,000, with a current market value of $10,000.
?
Required:
?
What is the maximum additional gift Albert can give in 2012 to his daughter in cash without incurring any gift tax liability assuming that:
?
a.Albert is single.
b.Albert is married and his wife is willing to give the maximum amount the couple is allowed.

For Estate Planning Purposes, Albert Began Distributing Gifts in 2012