To determine whether a taxable gift has been made, the IRS focuses on all the following factors

To determine whether a taxable gift has been made, the IRS focuses on all the following factors

EXCEPT:
A . Was the transferred property real property or personal property?
B . Was the value of the gift property in excess of the annual per-donee exclusion?
C . Did the donor absolutely, irrevocably, and currently divest himseIf of dominion and control? over the property?
D . Was the property transferred for less than an adequate and full consideration in money or money’s worth?

View Answer

Answer: A