Identify Which of the Following Statements Is True

question 30

Multiple Choice

Identify which of the following statements is true.

• A) For estate tax purposes, publicly traded stocks are valued at their closing price on the date of death.
• B) Stocks traded on a stock exchange are valued at the closing price for the date of death unless the alternate valuation date is elected.
• C) The unified credit is the only credit common to both the gift and estate tax computation.
• D) All of the above are false.