The FMV of an asset for gift or estate tax purposes is the same except for
A)marketable securities.
B)land.
C)life insurance policies.
D)patents.

Name: The FMV of an asset for gift or estate tax purposes is the same except for A)marketable securities. B)land. C)life insurance policies. D)patents.
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Quizplus · Accepted Answer

Life insurance policies may have different valuations for gift and estate tax purposes due to factors like policy type and ownership structure.

The FMV of an Asset for Gift or Estate Tax