When Appreciated Property Is Transferred at Death,the Recapture Potential Carries

question 27

True/False

When appreciated property is transferred at death,the recapture potential carries over to the person who receives the property from the decedent.

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Definitions:

Hawaii

A U.S. state located in the Pacific Ocean, known for its diverse natural scenery, warm tropical climate, and rich cultural history.

Pearl Harbor

The site of a surprise military attack by the Japanese Navy against the United States on December 7, 1941, leading to the U.S. entering World War II.

Franklin Roosevelt

The 32nd President of the United States, known for leading the country through the Great Depression and World War II with his New Deal policies.

Southeast Asia

A geographical region located to the southeast of Asia, comprising countries such as Thailand, Vietnam, Indonesia, Malaysia, and the Philippines, known for its diverse cultures, languages, and histories.