Question
Which of the following statements is/are correct regarding the GSTT for the year 2018? 1. The annual exclusion is allowed. 2. Gift splitting is permitted.
Which of the following statements is/are correct regarding the GSTT for the year 2018?
1. The annual exclusion is allowed. 2. Gift splitting is permitted. 3. Qualified transfers are excluded from GSTT. 4. Each person is allowed a $11,400,000 lifetime exemption against all skips.
a) 1, 2 and 3.
b) 1, 2, 3, and 4.
c) 1 and 4.
d) 1, 2, and 4.
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Frank Woods Business Accounting Volume 1
Authors: Frank Wood, Alan Sangster
10th Edition
9780273681496
