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38.Alvin died in March of Year 1. Under the terms of his will, Alvin left S1 million inassets to his brother Bill. Bill died inDecember
38.Alvin died in March of Year 1. Under the terms of his will, Alvin left S1 million inassets to his brother Bill. Bill died inDecember of Year 3. The assets inherited from Alvin were included in Bill's taxable estate. The amount of federal estate tax paid by Alvin's estate that was attributable to these assets was $100,000. The amount of tax paid by Bill's estate attributable to these assets was $75,000. Bill'sestate can claim a credit of $100,000 for tax on the prior transfer.
A. True. B. False.
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