Which of the following statements regarding the valuation of property for the purpose of applying the generation-skipping transfer tax (GSTT) are correct?

i. For direct skips during life, the valuation date is the date of completion of the gift.

II. For direct skips at death, the valuation date is the same as the valuation date used for estate tax purposes.

III. If special use valuation is used for the estate tax calculation, the same value is used for a direct skip of such property in computing the GSTT.

IV. For indirect skips, the valuation date is the value of the property on the date that a taxable distribution or termination occurs.

A) II, III, and IV

B) I, II, III, and IV

C) I and III

D) II and IV