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Burt and Lisa are married and live in a common law state. Burt wants to make gifts to their four children in 2019. What is the maximum amount of the annual exclusion they will be allowed for these gifts? a.$15,000. b.$30,000. c.$60,000. d.$120,000. e.None of these choices are correct.

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Answer:

D. $120,000

Step-by-step explanation:

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