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How are taxable gifts made in prior years handled with respect to calculating a decedent's taxable estate? They lower the amount that is exempt from

How are taxable gifts made in prior years handled with respect to calculating a decedent's taxable estate?

They lower the amount that is exempt from estate taxation.

There is no effect on a decedent's taxable estate.

They increase the amount that is exempt from estate taxation.

None of the above.

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