Match Each Statement with the Correct Choice

question 26

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
-Measure of income tax deduction on a gift of property to charity.

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Definitions:

Intergroup Conflict

A situation in which groups with perceived incompatible goals or interests are in opposition, leading to conflict.

Ingroup Bias

The tendency to favor members of one's own group over those from external groups, often leading to prejudicial attitudes and discrimination.

Arbitrarily Formed Groups

Groups formed without any specific rationale or logical reasoning, often for experimental purposes.

Presumed Membership

The assumption or belief that an individual belongs to a certain group or category based on perceived characteristics or stereotypes.