Gift and Income Tax Strategies
Free CFP Exam lesson in General Principles of Financial Planning. 18 min read, ~2,672 words.
Annual exclusion = $19,000/donor/donee; gift splitting doubles to $38,000 (requires Form 709); unified applicable exclusion amount (lifetime exemption) = $15,000,000/person. Direct tuition/medical under 2503(e) = unlimited, no Form 709, stacks with annual exclusion. Crummey power converts trust gifts from future interest to present interest, required for annual exclusion. Gifted property...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- B.16
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