Which of the following gifts is not eligible for the annual exclusion?
A) $20,000 given to a spouse
B) The remainder interest in a trust
C) $100,000 given to North Carolina State University.
D) All are eligible for the annual exclusion.
E) None are eligible for the annual exclusion.
Correct Answer:
Verified
Q19: _ 5.A trust always involves at least
Q20: _ 15.The executor can elect the alternative
Q21: Which of the following is a taxable
Q22: A fiduciary tax return is filed by
A)a
Q23: The gift tax
A)can apply to tuition paid
Q26: What is the benefit(s)of a living trust?
A)Keeps
Q27: Chloe gave $15,000 to her son,$20,000 to
Q28: Refer to the information in the preceding
Q31: The donor of a trust is the
Q35: An income interest in a trust
A)must be
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