Which,if Any,of the Following Is Not a Characteristic of the Federal

question 151

Multiple Choice

Which,if any,of the following is not a characteristic of the Federal gift tax?

• A)A charitable deduction is available.
• B)The alternate valuation date of § 2032 can be elected.
• C)A disclaimer procedure may avoid the tax.
• D)A marital deduction is available.
• E)None of the above.

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Definitions:

Tubers

Thickened underground parts of a stem or rhizome, such as potatoes, that store nutrients.

Rhizomes

Horizontal underground stems that produce new shoots and roots at intervals along their length.

Stolons

Horizontal above-ground stems or runners that stem from the base of a plant, allowing for asexual reproduction.

Adventitious Buds

Buds that form in unusual places, such as on stems or roots, which can give rise to new plants.