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bethbrake
Level 3
March 19, 2021
Question

Why are gift tax returns showing $4,577,800 as the applicable credit? Isnt it $11,580,000

  • March 19, 2021
  • 1 reply
  • 7 views
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1 reply

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PamC
Level 6
March 19, 2021

The Exclusion is $11,580,000 which translates to a maximum Credit of $4,577,800.

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