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Assignment 2.2 Taxable Net Gift and Donor's Tax
Assignment 2.2 Taxable Net Gift and Donor's Tax
INSTRUCTIONS:
1. What is the amount of gross gift ?
2. Assuming LATINO is a non-resident Alien, what will be the amount of his gross gift ?
3. Assuming LATINO is a non-resident Alien, and there is reciprocity law, what is the amount of his gross gift ?
CITIZEN DECENDENT
I affirm that I shall not give or receive any unauthorized help on this assignment and that all work
VALUE
450,000.00
150,000.00
250,000.00
1,800,000.00
350,000.00
400,000.00
250,000.00
FMV
400,000.00
300,000.00
2,500,000.00
3,500,000.00
450,000.00 450,000.00
-
250,000.00
-
350,000.00 350,000.00
-
125,000.00
100,000.00 100,000.00
-
1,300,000.00 1,300,000.00
-
2,575,000.00 2,200,000.00