Answered: A donation on account of marriage will…

A donation on account of marriage will give a donor a deduction from gross gifts made if: The donee is a legitimate child the donee is not a stranger The donee is anybody None of the above.

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter18: The Federal Gift And Estate Taxes

Section: Chapter Questions

Problem 13DQ

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Concept explainers

Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.

Question

A donation on account of marriage will give a donor a deduction from gross gifts made if:

The donee is a legitimate child
the donee is not a stranger
The donee is anybody
None of the above.

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