Carl Gave His Six Children Gifts of $16,000 Each in the Current

Question 59
Multiple Choice

Carl gave his six children gifts of $16,000 each in the current year. A) Carl has made $90,000 of taxable gifts. B) Carl has made $6,000 of taxable gifts. C) Carl has made no taxable gifts if he and his wife elect gift splitting. D) (b) and (c) are both true.