The deemed paid adjustment compels a taxpayer to claim as a credit for a past gift the tax that would have been paid under current rates rather than the tax that was actually paid.
a.What is the justification for this rule?
b.Does the application of the rule always operate in favor of a taxpayer?

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The Answer of The deemed paid adjustment compels a taxpayer to claim as a credit for a past gift the tax that would have been paid under current rates rather than the tax that was actually paid.
a.What is the justification for this rule?
b.Does the application of the rule always operate in favor of a taxpayer?

The Deemed Paid Adjustment Compels a Taxpayer to Claim as a Credit