Question

The estate and gift taxes share several common features. Which of the following characteristics are common to both the estate and gift taxes?

A). A unified credit and marital deduction.

B). A charitable deduction and an annual deduction.

C). A gift-splitting election and deduction for income taxes paid by the fiduciary.

D). A charitable deduction and unsed spousal exemption equivalent.

E). All of theses charaticsis commonto both the gift and the estate tax.

Side Note: Answer is not B

Answer 1

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