Characteristics are common to both the estate and gift taxes


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 a marital deduction

B. A gift-skipping election and a deduction for income taxes paid by the fiduciary

C. A charitable deduction and the amount of the exemption equivalent

D. A charitable deduction and an annual exclusion

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Accounting Basics: Characteristics are common to both the estate and gift taxes
Reference No:- TGS059719

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