Match Each Statement with the Correct Choice

question 73

Multiple Choice

Match each statement with the correct choice. Some choices may be used more than once or not used at all.
-Living trusts.

• A)Revocable trusts
• B)Income in respect of a decedent (IRD)
• C)Conservation easement
• D)Discretionary extension of time to pay estate tax (§ 6161)
• E)Estate freeze-corporations
• F)Extension of time involving interest in closely held business (§ 6166)
• G)Special use valuation as to certain realty (§ 2032A)
• H)Depreciation recapture potential eliminated
• I)Alternate valuation date (§ 2032)
• J)Election to split gifts (§ 2513)
• K)No correct choice is given

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Definitions:

Team Members

Individuals who are part of a team and contribute towards achieving the team's objectives.

Criticism

The act of expressing disapproval of someone or something based on perceived faults or mistakes.

Intervention

Action taken to intentionally become involved in a difficult situation, in order to change the outcome or influence what happens.

Maintenance-Related

Pertaining to the activities, strategies, and practices involved in preserving and keeping equipment, systems, or infrastructure in optimal working condition.