Vincent Makes the Following Property Transfers in the Current Year

question 35

Multiple Choice

Vincent makes the following property transfers in the current year: • $5,000 tuition for a grandson paid directly to the school
• $1,000 medical expense for a child paid directly to a hospital
• $500 donation to the Democratic party
• $10,000 property settlement in conjunction with a divorce
• $3,000 room and board at college for a grandson paid directly to the school
Vincent's gifts for the year before considering the annual gift tax exclusion total

• A) $3,000.
• B) $19,500.
• C) $0.
• D) $19,000.

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