Regarding the transfer tax credits available, which of the following statements is correct?
A) For 2010, the gift tax and estate tax credits are the same amount.
B) For 2009 and 2010, the gift tax credit is not the same amount for both years.
C) For 2011, the gift tax and estate tax credits are not the same amount.
D) For 2013, the scheduled credits for gift and estate taxes will not be the same amount.
E) None of the above.
Correct Answer:
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