In 2018, roxanne paid badlaw university $12,000 for her nephew's tuition and gave her nephew $25,000 in cash. roxanne is single and did not make any other gifts during the year. what is the amount of roxanne's taxable gifts for the year?
a) $0.
b) $2,000.
c) $10,000.
d) $24,000.
Answers: 1
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In 2018, roxanne paid badlaw university $12,000 for her nephew's tuition and gave her nephew $25,000...
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