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The estate and gift taxes share several common features. Which of the following characteristics are common to both the estate and gift taxes? Multiple Choice

The estate and gift taxes share several common features. Which of the following characteristics are common to both the estate and gift taxes?

Multiple Choice

A tax credit for transfers to a spouse

A charitable deduction

A gift-splitting election

An annual exclusion

All the choices are characteristics common to both the gift and the estate tax.

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