A Split-Interest Gift Transfer

question 76

Multiple Choice

A split-interest gift transfer

• A)involves two public (charitable)organizations.
• B)involves two present interests.
• C)qualifies for a charitable contribution deduction if the recipient charity receives a guaranteed annuity, which is a present interest.
• D)cannot qualify for a deduction if a future interest is given to a charitable organization.

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Definitions:

Cranium

The skull; the eight bones of the head enclosing the brain; generally applied to the 28 bones of the head and face.

Cranial Bones

The bones that form the skull, protecting the brain and supporting the structures of the face.

Frequently Used Test

A test or examination that is administered regularly due to its proven utility in evaluating a specific trait or condition.

Bone Scan

A diagnostic imaging test that uses a small amount of radioactive material to detect abnormalities or changes in the bones.