nna makes the following transfers in 2022: $250,000 to Greg, her spouse, who is US Citizen 20,000 to Elena, her daughter 50,000 to Harvard University for Tuition for Elena 25,000 to Yale for Cancer research. Does Donna need to file a gift tax return? Why or why

nna makes the following transfers in 2022: $250,000 to Greg, her spouse, who is US Citizen 20,000 to Elena, her daughter 50,000 to Harvard University for Tuition for Elena 25,000 to Yale for Cancer research. Does Donna need to file a gift tax return? Why or why

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter18: The Federal Gift And Estate Taxes

Section: Chapter Questions

Problem 3DQ

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Ma4.

Donna makes the following transfers in 2022:

$250,000 to Greg, her spouse, who is US Citizen

20,000 to Elena, her daughter

50,000 to Harvard University for Tuition for Elena

25,000 to Yale for Cancer research.

Does Donna need to file a gift tax return? Why or why not?

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