Match Each Statement with the Correct Choice

question 98

Multiple Choice

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

• A)Step-up in basis
• B)Step-down in basis
• C)Gift of installment notes receivable
• D)Gift of property that has potential for recapture of depreciation
• E)Donor's basis on date of gift appreciated property given, no gift tax due)
• F)The amount of the deceased spouse's taxable estate does not change
• G)Fair market value on date of gift
• H)Expected surviving spouse is in good health and 10 years younger
• I)No income tax consequences to the beneficiary
• J)Income in respect of a decedent IRD)
• K)No correct choice is given

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Definitions:

Record Selectors

GUI elements used to select, highlight, or mark records in a database or a spreadsheet.

Navigation Buttons

User interface elements that allow users to move through a series of web pages, documents, images, or other content.

Record Source

The data source for a database object, such as a form or report, indicating where the object retrieves its data.

Form Wizard

A guided tool in software applications that helps users create forms by walking them through steps to add and configure fields and elements.