Question

   an unlimited maternal deduction applies when there is an outright Bisquick I'm stuck to a...

   an unlimited maternal deduction applies when there is an outright Bisquick I'm stuck to a longtime companion US citizen spouse surviving spouse who was a non US citizen or all of the above

Homework Answers

Answer #1

Solution:-

An unlimited maternal deduction applies when there is an outright:-

US citizen spouse surviving

Explanation:-

The unlimited marital deduction applies only to surviving spouses that are United States citizens. A Qualified Domestic Trust (or QDOT) may be obtained to provide unlimited marital deductions for non-qualified spouses. A bequest through a QDOT defers estate tax until principal is distributed by the trustee, a U.S. citizen, or corporation who also withholds the estate tax. Income on principal distributed to the surviving spouse is taxed as individual income. After the surviving spouse becomes a U.S. citizen, principal remaining in a QDOT may then be distributed without further tax.

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