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help with all please! 7. Assets disposed of between the date of death and the alternate valuation date are valued on the alternate valuation date
help with all please!
7. Assets disposed of between the date of death and the alternate valuation date are valued on the alternate valuation date if the alternate valuation date is properly elected. True False 8. Depending on the amount, reasonable funeral expenses are allowed as funeral expense deductions. True False 9. Which of the following is not a reason that the proceeds of a life insurance policy would be included in a decedent's gross estats? a. The proceeds of the policy are payable to the estate. b. The decedent transferred the ownership of the policy to his daughter six years before his death, but retained the right to change the beneficiary of the policy. C. The decedent transferred the ownership of the policy to his son six months before his death d. The decedent transferred the ownership of the policy to his wife less than three years ago. e. None of the above Step by Step Solution
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