What are the tax implications to a holder of a special power


What are the tax implications to a holder of a special power of appointment? They are subject to the annual $13,000 de minimus rule.They are subject to estate but not gift tax consequences.They are subject to estate but not generation skipping transfer tax consequences.There are no tax implications.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What are the tax implications to a holder of a special power
Reference No:- TGS0700162

Expected delivery within 24 Hours