The Gross- Up Rule Requires

question 60

Multiple Choice

The gross- up rule requires

• A) certain gifts made by the decedent within three years of the date of death are included in the decedent's gross estate.
• B) all beneficial interests be included in the decedent's estate.
• C) gift taxes on gifts made by the decedent or the decedent's spouse that are paid by the decedent or his estate during the three- year period ending with the decedent's date of death must be included in the decedent's gross estate.
• D) post- 1976 gifts by the decedent be included in the decedent's estate.

---

Definitions:

Crates Of Strawberries

Containers used for the transportation and storage of strawberries, typically made of wood or plastic.

Ex-Ship

A term used in international trade that specifies the seller's obligation to deliver goods to a designated port of arrival, with risk transferring to the buyer once off-loaded.

No Arrival, No Sale

A contractual clause that voids a sale if the goods do not arrive at their destination, protecting buyers in international trade.

Shipment Contract

A shipment contract is an agreement where the seller is obligated to send goods to a designated location, but the risk of loss passes to the buyer once the seller gives the goods to a carrier.