Vincent's gifts for the year before considering the annual gift tax exclusion total
Vincent makes the following property transfers in the current year:
• $5,000 tuition for a grandson paid directly to the school
• $1,000 medical expense for a child paid directly to a hospital
• $500 donation to the Democratic party
• $10,000 property settlement in conjunction with a divorce
• $3,000 room and board at college for a grandson paid directly to the school
A) $19,500.
B) $19,000.
C) $3,000.
D) $0.
C) $3,000.
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