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.

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Definitions:

Doubts

Feelings of uncertainty or lack of conviction about something, leading to questions or hesitations in belief or action.

Repetitive Routines

Behaviors or tasks that are performed in a consistent, unvarying manner, often as part of a daily or regular schedule.

Specific Phobia

An intense, irrational fear of a specific object, situation, or activity that is strongly avoided.

Extreme

Something that is far beyond the norm or average in magnitude, intensity, or degree.