Match Each Statement with the Correct Choice

question 137

Short Answer

Match each statement with the correct choice. Some choices may be used more than once or not used at all.
a.Step-up in basis
b.Step-down in basis
c.Gift of U.S. savings bonds
d.Gift of depreciable property that has § 1245 or § 1250 recapture of depreciation potential
e.Donor's basis on date of gift (appreciated property given)*
f.The amount of the deceased spouse's gross estate does not change
g.Fair market value on date of gift (depreciated property given)*
h.Expected surviving spouse is already wealthy
i.Income in respect of a decedent (IRD)
j.Expected surviving spouse is in good health
k.No correct choice is given
*No gift tax involved
-A gift causes income tax consequences to the donor.

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Definitions:

Announcing Negative News

The process of delivering unfavorable or disappointing information to individuals or groups in a manner that aims to minimize negative reactions.

Negative Announcement

Communication that delivers bad news, unfavorable decisions, or undesirable outcomes.

Negative News

Information delivery that conveys unfavorable, adverse, or disappointing information to the recipient.

Present Bad News

This involves delivering unfavorable or negative information in a manner that attempts to minimize upset or backlash, often utilizing strategies like buffering or indirectness.