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Content AreaThe Federal gift-splitting election: a. Is made on both spouses' Forms 709. b. Allows the annual exclusion of both spouses to reduce the gift

Content AreaThe Federal gift-splitting election: a. Is made on both spouses' Forms 709. b. Allows the annual exclusion of both spouses to reduce the gift tax due. c. Allows the exemption equivalent of both spouses to reduce the gift tax due. d. All of these

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