Under his grandfather's will, Tad is entitled to receive shares of Kroger Corporation. For Federal tax purposes, Tad is allowed to disclaim some of these shares and accept the others.

Question

Quizplus · Accepted Answer

It is possible for Tad to disclaim some of the shares he inherited under his grandfather's will and accept the others for Federal tax purposes. This is a common strategy used to manage tax liability or avoid receiving assets that may have high maintenance costs.

Under His Grandfather's Will, Tad Is Entitled to Receive Shares