Register
Barry and his wife Mary have accumulated over $4 million during their 51 years of marriage. They have four children and six grandchildren. How much money can Barry and Mary gift to their children in 2021
90.0k views
5 votes
Barry and his wife Mary have accumulated over $4 million during their 51 years of marriage. They have four children and six grandchildren.

How much money can Barry and Mary gift to their children in 2021 without any gift tax liability?

Note: Enter your answer in dollars not in millions of dollars.

User Virgiliu
by
7.5k points

1 Answer

6 votes

Answer: $60,000 ($15,000 per child)

Explanation:

User GMG
by
7.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.6m questions

11.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!