In November 1976, Grant Uses $30,000 of the Specific Exemption

question 68

Multiple Choice

In November 1976, Grant uses $30,000 of the specific exemption available at that time. The unified credit available to Grant for post- 1976 transfers is reduced by

• A) $15,000.
• B) $30,000.
• C) $6,000.
• D) $0.

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