Question

Gifts:                                              
Determine whether there is a taxable gift in the following situation by using the 2017                                              
gift tax exclusion, and if so the amount of the taxable gift and amount, if applicable  
                                              
1. Scott gave $100,000 to his church.                                              
2. Scott gave his uncle $45,000 to pay for his uncle's medical expenses.                                              
3. Scott bought his dependent son braces for his teeth for $15,000.                                              
4. Scott created an irrevocable trust and placed his personal residence ($250,000) in the                                              
trust with is niece as the designated beneficiary.                                              
5. Scott paid $20,000 of tuition for John, who is unrelated to Scott, directly to John.                                              
6. Scott purchased land and titled the deed as Scott and Sam, joint tenants with the rights of survivorship and Scott provided $50,000 of the purchase price of $100,000.                                              
7. Scott gave $30,000 cash to a close friend.                                              
8. Scott gave $20,000 cash to a close friend, and then gave another $25,000 to the same close friend in the same calendar year.                                              
9. Scott created a revocable trust that provided his aunt $100,000 for her future living expenses.                                              
10. Scott gave $40,000 to a roofer to replace the roof on Scott's house.                                              
11. Scott created a joint bank account for himself and his brother and placed $35,000 in the account.

12. Scott's brother withdrew $20,000 from the above noted account.   

13. Scott gave his wife $100,000 so she could buy some investments.                                              
14. Scott gave $10,000 to Mercy Hospital to pay for his sister's medical cost.                                              
15. Scott sold to his adult son, $50,000 worth of property for $10,000.                                              

Answer 1

1. GIft to church not taxable (as charaty)
2. Taxable as medical expenses one pays directly to a medical or educational institution for someone. Donor must pay the expense directly. If donor writes a check to donee and donee then pays the expense, the gift may be subject to tax.
3. Not a gift
4. Irrevocable transfer is a gift. Full value is taxable.
5. Tution fee is paid directly hence no gift tax.
7. Balance after $15000 is taxable , hence $15000 is taxable.
8. Revocable transfer is not a gift.
10. It is an expense , not a transfer.