The estate and gift taxes share several common features. Which of the following characteristics are common to both the estate and gift taxes?
A) An applicable credit and a marital deduction.
B) A charitable deduction and an annual exclusion.
C) A gift-splitting election and a deduction for income taxes paid by the fiduciary.
D) A charitable deduction and the unused spousal exemption equivalent.
E) All of these choices are characteristics common to both the gift and the estate tax.
Correct Answer:
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