Elijah and anastasia are husband and wife who have five married children and nine minor grandchildren. for 2015, what is the maximum amount they can give to their family (including the sons - and daughters-in-law) without using any of their unified transfer tax credit?

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Hank

26 September, 20:02

Elijah and anastasia are husband and wife who have five married children and nine minor grandchildren. for 2015, what is the maximum amount they can give to their family (including the sons - and daughters-in-law) without using any of their unified transfer tax credit?

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Answers (2)

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Jayvion Doyle · Answer 1

To get the answer, you need to calculate this:

19 donees (5 married children + 5 spouses + 9 grandchildren) * $14,000 (annual exclusion for 2016) * 2 donors (Elijah and Anastasia) = 19 (14000) (2)

=19 (28000)

=532,000

Through this, you will get the answer of $532,000

Puppy · Answer 2

The answer is "$532,000".

This is how we calculate this;

19 donees (5 married children + 5 spouses + 9 grandchildren) * $14,000 (annual exclusion for 2016) * 2 donors (Elijah and Anastasia)

= $532,000