Which of the following is a true statement about the taxable amount of a generation-skipping transfer? If a generation-skipping transfer tax on a taxable distribution is paid by the generation-skipping trust, an amount equal to the taxes paid by the trust will be treated as a taxable distribution. The taxable amount for a taxable distribution is the value of all property distributed less allowable expenses, debt, and taxes. The taxable amount for a taxable termination is the value of the property received by the transferee reduced by expenses incurred by the rransferee in connection with the determination, collection, or refund of the GSTT. The taxable amount for a direct skip and a taxable termination are the same