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Old 08-05-2016, 07:58 AM
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Join Date: Oct 2014
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gift tax question

Hi all, just a quick question. On gift tax return form 709, the instruction says "you do not need to enter any of your gifts to your spouse on schedule A" unless it is a terminable interest. I got confused that if gifts to spouse aren't even required to report, then why should there be a marital deduction? (seems like marital deduction isn't applicable to terminable interest anyway, and lets assume spouse is us citizen)

Thanks



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