_____ 9. Gifts are valued at their fair market value on the date of the gift and the donee takes this fair market value as basis.
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Q13: _ 1.The gift tax and estate taxes
Q13: _ 15. Probate determines the property included
Q14: _ 8. Payment to a college for
Q15: _ 18. No estate tax is due
Q17: _ 20. If two properties are currently
Q19: _ 17. The executor can elect the
Q20: _ 12. Gifts to most charities are
Q22: _ 21. Giving appreciating property away reduces
Q25: Shoshone sold her home to her son
Q28: Explain the difference between a simple trust
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