question archive John gave $32,000 to each of his 10 grandchildren this year

John gave $32,000 to each of his 10 grandchildren this year

Subject:AccountingPrice: Bought3

John gave $32,000 to each of his 10 grandchildren this year. Lisa, his wife, made no gifts during 2019.

  1. How much are John's taxable gifts if gift splitting is not elected?
  2. How much are John's taxable gifts if gift splitting is elected?

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