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American College HS330 Exam - Topic 1 Question 33 Discussion

Posted by Rolland on May 08, 2022 at 08:01 AM

Which of the following types of partial interests in property may be allowed a charitable deduction for estate tax purposes?

l. A remainder interest in the donor vacation home

II. A testamentary gift of a percentage of a decedent entire interest in properly held in trust

Suggested Answer: A

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9 comments · newest first
LE
Leonida 11 months ago
Both options seem plausible, but I lean towards II being questionable.
LE
Leslee 12 months ago
Definitely I only, the vacation home is a clear case.
JO
Joni 12 months ago
Wait, can you really deduct a percentage of a trust? That seems odd.
RE
Renea 12 months ago
I disagree, only I is valid for deductions.
GL
Glynda 1 year ago
I think both I and II can qualify for deductions.
JE
Jean 1 year ago
Hmm, I'm a bit confused by the options here. I'll need to review my notes on the SDLC phases and security controls to figure this out.
CO
Corinne 1 year ago
For these document principle questions, I always try to find language that sounds definitive and procedural. Options C and D feel most like actual principles to me.
DE
Dean 1 year ago
I remember learning about the TOGAF principles in class. If I recall correctly, the fifth criteria is "Comprehensive." That seems like the most logical answer here.
ST
Stephaine 1 year ago
The key here is that the room is in total darkness, so I think a photoelectric motion detector would be the most reliable choice to detect any movement in the space.
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