Match Each Statement with the Correct Choice

question 55

Short Answer

Match each statement with the correct choice. Some choices may be used more than once or not used at all.
a.Living 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.Recapture potential under §§ 1245 and 1250 eliminated
i.Alternate valuation date (§ 2032)
j.Election to split gifts (§ 2513)
k.No correct choice is given
-Election by estate can affect income tax basis of surviving spouse's share of community property.

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Definitions:

Physiological Responses

Bodily reactions to stimuli, including changes in heart rate, hormone levels, and muscle tension.

Masturbate

The act of self-stimulating one's own genitals, often to the point of orgasm.

Masters and Johnson

A research team known for their work in the field of human sexuality, studying the sexual response cycle and sexual disorders.

Sexual Response Cycle

The four stages of sexual responding described by Masters and Johnson—excitement, plateau, orgasm, and resolution.