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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?
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They lower the amount that is exempt from estate taxation.
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There is no effect on a decedent's taxable estate.
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They increase the amount that is exempt from estate taxation.
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None of the above.
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