Identify Which of the Following Statements Is True

question 32

Multiple Choice

Identify which of the following statements is true.

• A) If a marital deduction is elected on a QTIP trust transfer, property remaining in the QTIP trust is not included in the estate of the surviving spouse.
• B) The unified credit is the only credit allowed against the estate tax.
• C) The credit for state death taxes has been replaced with a deduction for state estate taxes.
• D) All of the above are false.

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