Identify Which of the Following Statements Is False

question 65

Multiple Choice

Identify which of the following statements is false.

• A) Transfers of community property are eligible for the marital exclusion.
• B) The marital deduction for gift tax purposes is limited to the amount of the includible gift (e.g., the amount of the gift that is in excess of the annual exclusion).
• C) The marital deduction for gift tax purposes is limited to one- half the value of the property transferred.
• D) The marital deduction is generally allowed since the transfer remains within the economic (husband/wife) unit.