15 Feb Andi is a single taxpayer. She has made annual gifts of $60,000 to each of her four children beginning in 2019. Sue dies in 2023 before making any taxable gifts. Andi has filed a
Andi is a single taxpayer. She has made annual gifts of $60,000 to each of her four children beginning in 2019. Sue dies in 2023 before making any taxable gifts.
Andi has filed a gift tax return each year, reported gifts made, and elected to apply a portion of her Applicable Lifetime Exemption Amount to the gift taxes owed 2019 – 2022.
How much has Andi been able to gift to children since 2019?
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