Tax treatment of gifts/bequests

Holy **** have schweser seemed to have made a mountain out of a molehill with their tax ‘RV’ calculations. Anyone found any mnemonics or easy way to remember these formulas?

  1. **** ain’t holy.

  2. by now if you are trying to memorize the formulae, you are in the wrong world.

  3. understand the implications of the formula.

  4. read the book … it explains things much better.

  5. formulae cannot have mnemonics.

I try to understand what variables are involved according to the four possible scenariosand then I memorise the formulas (which are quite

similar one another …)

4 formulas to memorise don’t seem a big deal to me. Do not get scared, just get familiar with the scenarios and everything will be easier.

Good luck