Joe (age 86) and Nicole (age 22) wed on Saturday. Two days later, they exchanged...
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Accounting
Joe (age 86) and Nicole (age 22) wed on Saturday. Two days later, they exchanged wedding gifts. Joe's gift to Nicole is stock in Tesla (valued at $2 million), and Nicole's gift to Joe is a bottle of cologne (value of $32). What tax goals are they trying to accomplish? Will their plan work?
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