The gift-splitting election only applies to gifts made by taxpayers who reside in community-property states.
Correct Answer:
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Q24: The debts of the decedent at the
Q25: A present interest is the right to
Q26: The gross estate may contain property transfers
Q27: No deductions are allowed when calculating the
Q28: The tax on cumulative taxable gifts is
Q30: The theft of property included in the
Q31: Property is included in the gross estate
Q32: Proceeds of life insurance paid to the
Q33: A gift tax return does not need
Q34: A transfer of a terminable interest will
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