In Satisfying the More-Than-35% Test for Qualification Under § 6166,interests

question 163

True/False

In satisfying the more-than-35% test for qualification under § 6166,interests in more than one closely held business are aggregated when the decedent's gross estate includes 20% or more of the value of each such business.

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Definitions:

Civic Behavior

Acts performed by individuals that contribute to the welfare of their community and uphold the principles of democracy and social justice.

Environmental Conservation

The practice of protecting the natural environment through sustainable practices and efforts to preserve natural resources.

Prosocial Civic Behaviors

Actions undertaken by individuals that are intended to benefit others or society as a whole.

Moral Reasoning

A person's understanding of moral issues and judgments of right and wrong; relates to Kohlberg's theory of moral reasoning.