Passing Installment Notes by Death Will Not Avoid Any Income

question 94

True/False

Passing installment notes by death will not avoid any income tax on the deferred gain.

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Definitions:

Emotional Balance

A state of stability in one's feelings, enabling rational thinking and effective handling of life situations.

Transactional Analysis

A psychoanalytic theory and method of therapy wherein social transactions are analyzed to understand behavior.

Emotional Pattern

The recurring or habitual way in which a person experiences and expresses emotions in various situations.