CHAPTER 5: THE FEDERAL GIFT TAX§ 5.1 Overview
§ 5.2 Elements of a Taxable Gift
§ 5.2.1 State Law
§ 5.2.2 Federal Law
§ 5.2.3 Gratuitous Transfers that Are Not Gifts
§ 5.3 Requirements for a Completed Gift
§ 5.3.1 Delivery
§ 5.3.2 Cancellation of Obligations
§ 5.3.3 Incomplete Gifts
§ 5.4 Exclusions, Credits, and Exemptions for Gift Tax Purposes
§ 5.4.1 Annual Exclusion
§ 5.4.2 Gifts for Education or Medical Expenses
§ 5.4.3 Gift Tax Credit
§ 5.4.4 Marital Deduction
§ 5.4.5 Charitable Deduction
§ 5.5 Outright Gifts
§ 5.6 Gifts Into Trust
§ 5.6.1 Split-Interest Gifts
§ 5.6.2 Crummey Withdrawal Powers
§ 5.7 Gifts to Minors
§ 5.7.1 Uniform Transfer to Minors Act
§ 5.7.2 Section 2503(c) Trusts
§ 5.7.3 Section 2503(b) Trusts
§ 5.8 Net Gifts
§ 5.9 Powers of Appointment
§ 5.9.1 Limited and General Powers
§ 5.9.2 Ascertainable Standard Exception
§ 5.9.3 Adverse Party Exception
§ 5.9.4 Lapse and 5 & 5 Powers
§ 5.10 Disclaimers
§ 5.11 Calculating Gift Tax Payable
§ 5.12 State Gift Taxes
§ 5.13 Reporting Gifts and Paying Tax
§ 5.14 Tax Exclusive Versus Tax Inclusive
§ 5.15 Miscellaneous Gift Tax Applications
§ 5.15.1 Gifts to Spouse
§ 5.15.2 Gifts to Children
§ 5.16 Basis Rules for Gifts
§ 5.16.1 Holding Period
§ 5.16.2 Carryover Basis
§ 5.16.3 Gain or Loss
§ 5.16.4 Increase in Basis for Gift Tax Paid
§ 5.17 Gift-Selection Factors
