American College HS330 Exam - Topic 1 Question 33 Discussion

Actual exam question for American College's HS330 exam

Question #: 33
Topic #: 1

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

Al only

BII only

CBoth l and ll

DNeither I nor II

Show Suggested Answer

Suggested Answer: A

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

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Leonida

7 months ago

Both options seem plausible, but I lean towards II being questionable.

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Leslee

7 months ago

Definitely I only, the vacation home is a clear case.

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Joni

7 months ago

Wait, can you really deduct a percentage of a trust? That seems odd.

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Renea

7 months ago

I disagree, only I is valid for deductions.

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Glynda

8 months ago

I think both I and II can qualify for deductions.

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Jean

8 months 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.

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Corinne

8 months 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.

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Dean

8 months 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.

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Stephaine

8 months 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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