Which of the following is not an advantage of lifetime gifts?

Question

Quizplus · Accepted Answer

A stepped-up basis is not secured for appreciated gifts given during the donor's lifetime. Instead, the recipient takes on the donor's basis in the property. A stepped-up basis, which adjusts the value of an inherited asset for tax purposes to its value at the time of the owner's death, applies only to assets transferred after death, not to gifts made during the donor's lifetime.

Which of the Following Is Not an Advantage of Lifetime