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Which of the following statements are true for both gratuitous and testamentary transfers? A). A unified credit of up to $1 million reduces the tax
Which of the following statements are true for both gratuitous and testamentary transfers?
A). A unified credit of up to $1 million reduces the tax on any transfer?
B). An annual exclusion offsets any transfer up to $13,000.
C). An election can be made to spilt a transfer between spouses.
D). A charitable and martial deduction are allowed in computing the taxable transfers.
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