_____ 2. The widow of a decedent may add the decedent's remaining lifetime exclusion to her lifetime exclusion only if the estate executor makes an irrevocable election.

Question

Quizplus · Accepted Answer

This statement is true. The widow/widower of a decedent may add the decedent's remaining lifetime exclusion to her/his own lifetime exclusion, but only if the estate executor makes an irrevocable election on a timely-filed estate tax return. This is known as the portability election.

_____ 2 the Widow of a Decedent May Add the Decedent's