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Concerning the election to split gifts, which of the following statements is incorrect? The election is not allowed in a community property state. The election
Concerning the election to split gifts, which of the following statements is incorrect?
The election is not allowed in a community property state.
The election allows a married couple to be treated as two donors.
The election doubles the annual gift exclusion amount received for each donee.
The election makes the non-owner spouse's unified tax credit available to the owner spouse.
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