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I realize that giving more than the amount allowable for 2005 requires completion of gift tax form. Is there a table showing how much tax would be payable if I givw 5,000. more than tyhe 11,000. for 2005. Also would that be filed and payable along with the 1040 return?


Look at the instructions for Form 709. No tax is due until you use up your entire lifetime exclusion.

Ira
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