In 2018, Greenberg, a widow living in Florida, made a $10,000 cash gift to his son. He also paid $15,000 in medical expenses directly to a hospital for his granddaughter to have cosmetic surgery. If the gift tax annual exclusion is $15,000, what was Greenberg’s taxable gift for 2018?
A. $10,000
B. $0
C. $11,000
D. $25,000
Answer:B
In 2018, Greenberg, a widow living in Florida, made a $10,000 cash gift to his son. He also paid $15,000 in medical expenses directly to a hospital for his granddaughter to have cosmetic surgery. If the gift tax annual exclusion is $15,000, what was Greenberg’s taxable gift for 2018?
A. $10,000 B. $0 C. $11,000 D. $25,000