Individuals may give a mazimum of ________in gifts to all candidates combined in any calendar year.
A.10,000
B.12,000
C.15,000
D.25,000
E.30,000
2006-12-21 05:30:45 · 5 answers · asked by Anonymous in Education & Reference ➔ Homework Help
ok i would help you with this question but it seems to me like we are doing allll of your hw........do it yourself!
2006-12-21 05:34:55 · answer #1 · answered by Jen 2 · 1⤊ 1⤋
Annual Exclusion for Gifts for 2006:
For calendar year 2006, the first $12,000 of gifts to any person (other than gifts of future interests in property) are not included in the total amount of taxable gifts made during that year.
For calendar year 2006, the first $120,000 of gifts to a spouse who is not a citizen of the United States (other than gifts of future interests in property) are not included in the total amount of taxable gifts made during that year.
2006-12-21 05:47:14 · answer #2 · answered by donnathan2 2 · 0⤊ 3⤋
Are we doing your homework or something?
2006-12-21 05:33:27 · answer #3 · answered by Anonymous · 2⤊ 1⤋
I think we are! I'm out.
2006-12-21 05:34:48 · answer #4 · answered by D. S. 2 · 2⤊ 1⤋
A. 10,000
2006-12-21 05:34:38 · answer #5 · answered by Melli 6 · 1⤊ 3⤋