American College Exam HS330 Topic 1 Question 65 Discussion

Actual exam question for American College's HS330 exam

Question #: 65
Topic #: 1

Which of the following statements concerning marital transfers to a non-U.S. citizen spouse is (are) correct?

1. A marital deduction is automatically available as long as property is transferred outright to the non-citizen spouse.

2 .A marital deduction is automatically available if the transferor-decedent spouse is a U. S. citizen.

Al only

BII only

CBoth l and ll

DNeither l nor ll

Show Suggested Answer

Suggested Answer: B

by Tamar at Feb 03, 2023, 04:32 PM

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Rozella

26 days ago

I'm just glad I married a fellow U.S. citizen. Navigating these non-citizen spouse tax rules sounds like a real nightmare. Guess I dodged a bullet there!

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Laura

4 days ago

User 1: I know, right? It's a relief not having to deal with those tax rules.

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Jaime

28 days ago

D? Really? Well, I'm stumped. Maybe I should've paid more attention in my estate planning class instead of doodling caricatures of the professor the whole time.

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Ben

30 days ago

Hmm, I was pretty sure it was C. Both statements seem reasonable at first glance. Guess I need to brush up on my non-citizen spouse tax rules.

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Vallie

5 days ago

Really? I was leaning towards A. I only.

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Dustin

14 days ago

I think it's actually B. II only.

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Lashandra

1 months ago

Wait, so the marital deduction isn't automatically available just because I'm a U.S. citizen? This tax stuff is way more complicated than I thought!

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I think the correct answer is D. Neither I nor II is correct. The marital deduction for transfers to a non-citizen spouse has additional requirements beyond just being an outright transfer or the transferor being a U.S. citizen.

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Omega

2 months ago

But doesn't the question mention that both statements are correct? So, the answer should be C) Both l and ll.

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Taryn

2 months ago

I disagree, I believe the correct answer is B) II only.

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Omega

2 months ago

I think the correct answer is A) l only.

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American College Exam HS330 Topic 1 Question 65 Discussion

Contribute your Thoughts:

Rozella

Laura

Jaime

Ben

Vallie

Dustin

Lashandra

Altha

Omega

Taryn

Omega