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Following the untimely death of her spouse, duane, tonya received proceeds from his life insurance policy, which were payable upon death. specifically, under 101(a), tonya
Following the untimely death of her spouse, duane, tonya received proceeds from his life insurance policy, which were payable upon death. specifically, under 101(a), tonya would treat these payments as: A. deductible by her for gift tax purposes. B. excludable from her gross income. C. includable in the gross income of the estate. D. subject to the alternative minimum tax
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