question archive question: how much tax is due if a grandfather gifted his grandson $500,000 ? assume the grandfather has never gifted anyone money or anything

question: how much tax is due if a grandfather gifted his grandson $500,000 ? assume the grandfather has never gifted anyone money or anything

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question: how much tax is due if a grandfather gifted his grandson $500,000 ? assume the grandfather has never gifted anyone money or anything. calculate the tax that is due or just file gift tax form 709 and no tax is due.

 

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