I don't know, that just sounds too good to be true. I'm pretty sure the IRS has some rules about that kind of thing. You don't want to end up in hot water with the tax man, am I right?
You know, I'm really curious about option C. Saving income taxes by giving income-producing property to a low-income donee sounds like a great strategy. Maybe I should look into that.
Hmm, I'm not so sure about that. I was thinking option A might be the correct answer. The gift tax paid on a gift made more than 3 years prior to the death of the donor should avoid inclusion in the donor's gross estate, right?
I think option B is the correct answer. Appreciation in the value of a gift of real property after the date of the gift would increase the donor's federal estate tax liability, not decrease it.
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