American College Exam HS330 Topic 1 Question 75 Discussion

Actual exam question for American College's HS330 exam

Question #: 75
Topic #: 1

Tax benefits of making lifetime gifts in excess of the gift tax annual exclusion include all the following EXCEPT:

AThe gift tax paid on a gift made more than 3 years prior to the death of the donor avoids inclusion the donor's gross estate.

BAppreciation in the value of a gift of real property after the date of the gift increases the donor's federal estate tax liability.

CIncome taxes can be saved if a high-income donor gives income-producing property to a lowincome donee.

DGift taxes are payable at the same tax rate as estate taxes.

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Suggested Answer: B

by Heike at Oct 08, 2023, 06:25 AM

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