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True or False 1. All taxable gifts made by a decendant during his or her lifetime are brought back into the estate tax computation as

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1. All taxable gifts made by a decendant during his or her lifetime are brought back into the estate tax computation as adjusted taxable gifts.

2. If there are no assets left in the estate to pay estate taxes, taxes will be borne by nonprobate property passing to beneficiaries in proportion to the amount that the beneficiary receives.

3. Property located outside the United States is exempt from federal estate taxation.

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