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In the Current Year, Cesar, Who Is Single, Gives $26,000

Question 16

Multiple Choice

In the current year, Cesar, who is single, gives $26,000 to each of his 20 nieces and nephews for a total property transfer of $520,000. Cesar's taxable gifts total


A) $520,000.
B) $260,000.
C) $300,000.
D) $220,000.

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