A Split-Interest Gift Transfer

question 76

Multiple Choice

A split-interest gift transfer

• A)involves two public (charitable)organizations.
• B)involves two present interests.
• C)qualifies for a charitable contribution deduction if the recipient charity receives a guaranteed annuity, which is a present interest.
• D)cannot qualify for a deduction if a future interest is given to a charitable organization.

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Definitions:

Explanandum

An event or phenomenon that is to be explained.

Explanation

The process of making something clear or easy to understand by describing or giving details about it.

Electrical Wiring

A system of conductors and devices that transport electrical power or signals.

Explanation

A statement or account that makes something clear by describing the relevant structure, mechanism, or reasons.