Multiple Choice
Identify which of the following statements is false.
A) The marital deduction for gift tax purposes is limited to one-half the value of the property transferred.
B) The marital deduction is generally allowed since the transfer remains within the economic (husband/wife) unit.
C) The marital deduction for gift tax purposes is limited to the amount of the includible gift (e.g., the amount of the gift that is in excess of the annual exclusion) .
D) Transfers of community property are eligible for the marital exclusion.
Correct Answer:
Verified
Correct Answer:
Verified
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