Which of the following statements is CORRECT regarding the effect of the generation-skipping transfer tax (GSTT) and the transferor's spouse? A)Only an individual who is currently married to the transferor will always be deemed to be in the same generation as the transferor regardless of the difference in their ages. B)Any individual who has been married at any time to the transferor
Which of the following statements is CORRECT regarding the effect of the generation-skipping transfer tax (GSTT) and the transferor's spouse? A)Only an individual who is currently married to the transferor will always be deemed to be in the same generation as the transferor regardless of the difference in their ages. B)Any individual who has been married at any time to the transferor
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 5DQ
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Which of the following statements is CORRECT regarding the effect of the generation-skipping transfer tax (GSTT) and the transferor's spouse?
A)Only an individual who is currently married to the transferor will always be deemed to be in the same generation as the transferor regardless of the difference in their ages.
B)Any individual who has been married at any time to the transferor is always deemed to be in the same generation as the transferor regardless of the difference in their ages or whether they are married or have been divorced at the time of the transfer.
C)A transferor may make a generation-skipping transfer to any individual who has been married at any time to the transferor without restriction.
D)Only an individual who is currently married to the transferor at the time of the transfer will always be deemed to be in the same generation as the transferor.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT