peOQuestion 79 of 105 interestinpropertyamountingtochisthe t

peOQuestion 79 of 105. interestinpropertyamountingtochisthe taxable gr#nonussrezen t non-U.s citizen.pose Considering all allowable exclusions and deductions, how much is the taxable git? O $70,000 O $143,000 o $148,000 Mark for follow up

Solution

As per provisions of IRS gift to a Non- U.S citizen upto $ 148,000 is not taxable.

So in the given case the gift was $ 148,000 /- which is not taxable or exempted from tax.

So taxable gift is \"0\"

Answer is $ 0.