Which, if any, are characteristics of the valuation tables issued by the IRS?
A) The IRS must issue new updated tables once a year.
B) To determine the factor for a remainder interest, subtract the life estate factor provided in the table from one.
C) The same table that provides the factor for a life estate can be used to determine the value of an income interest for a term certain.
D) To use the tables, the Federal interest rate for the year of the transfer must be known.
E) None of the above.
Correct Answer:
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