The use of the election to split gifts under § 2513 may be necessary for spouses who live in community property states.

Question

Quizplus · Accepted Answer

In community property states, property and assets acquired during marriage are considered equally owned by both spouses. Therefore, splitting gifts through the election under § 2513 may be necessary to ensure that both spouses have equal participation in the gift-giving process.

The Use of the Election to Split Gifts Under §