jensoriacalzadi9069 jensoriacalzadi9069

18-07-2018
Business

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In 2014, joshua gave $14,000 worth of microsoft stock to his son. in 2015, the microsoft shares are worth $23,000. what was the gift tax in 2014?

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MrsTriplet MrsTriplet

27-07-2018

The tax collected on money on property valued more than $14,000. Since the gift was $14,000, there was no tax collected on the gift amount given. Had the gift been more than $14,000 there would be a tax collected on the money.

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