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[quote=Anonymous]I think the $19k annual exemption is just because otherwise everyone would have to fill out a form 709 for every gift they give people. It would be such a pain and impossible to enforce. The idea wasn’t that all the rich parents will write $19k checks although that happens. It’s also so if they give someone $500 on their birthday or whatever it’s not under the table to not report it. [/quote]
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