George and Helen are husband and wife. During 2017, George gave $36,000 to his brother and Helen gave $28,000 to her niece. George and Helen both agree to split the gifts they made during the year. What is the taxable amount of gifts, after the annual exclusion, each must report on Form 709?
A. George and Helen each have taxable gifts of $18,000.
B. George has a taxable gift of $22,000 and Helen has a taxable gift of $14,000.
C. George and Helen each have taxable gifts of $4,000.
D. George has a taxable gift of $8,000 and Helen has a taxable gift of zero.
Answer: C. George and Helen each have taxable gifts of $4,000.
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