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The Federal gift-splitting election: a. Is made on both spouses' Forms 709 . b. Allows the exemption equivalent of both spouses to reduce the gift

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The Federal gift-splitting election: a. Is made on both spouses' Forms 709 . b. Allows the exemption equivalent of both spouses to reduce the gift tax due. c. Allows the annual exclusion of both spouses to reduce the gift tax due. d. All of these choices are correct

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