American College Exam HS330 Topic 1 Question 92 Discussion

Actual exam question for American College's HS330 exam

Question #: 92
Topic #: 1

Requirements for property to qualify for the federal estate tax marital deduction include which of the following?

l. The property interest must be includible in the decedents gross estate.

lI. The property must pass in such manner that it will be includible in the surviving spouse's estate at death unless consumed or given away.

Al only

BII only

CBoth l and II

DNeither I nor II

Show Suggested Answer

Suggested Answer: B

by Kristian at Jul 07, 2024, 11:09 AM

Limited Time Offer

25%

Off

Get Premium HS330 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ezekiel

29 days ago

Ugh, these estate tax questions can be such a headache. I'd rather just focus on living my best life and not worrying about all the fine print.

upvoted 0 times

Val

2 days ago

D) Neither I nor II

upvoted 0 times

...

Felicia

4 days ago

C) Both l and II

upvoted 0 times

...

Ahmed

10 days ago

B) II only

upvoted 0 times

...

Katy

12 days ago

A) l only

upvoted 0 times

...

Beckie

1 months ago

Ah, I see now. The key is that both conditions need to be met for the property to qualify for the marital deduction. Makes sense.

upvoted 0 times

...

Mattie

1 months ago

Ha! This question is a real brain-teaser. I bet the test designers were chuckling as they came up with this one.

upvoted 0 times

Galen

17 days ago

B) II only

upvoted 0 times

...

Elouise

18 days ago

A) l only

upvoted 0 times

...

Mari

1 months ago

I'm not entirely sure about the correct answer here. I'll have to review the requirements more closely.

upvoted 0 times

Lettie

6 days ago

I'm not entirely sure about the correct answer here. I'll have to review the requirements more closely.

upvoted 0 times

...

Markus

23 days ago

C) Both l and II

upvoted 0 times

...

Gilberto

1 months ago

A) l only

upvoted 0 times

...

Melina

2 months ago

Hmm, this seems straightforward. The property must be includible in the decedent's gross estate and pass to the surviving spouse in a way that it will be included in their estate, right?

upvoted 0 times

Twana

23 days ago

Exactly. It's important for the property to meet both conditions for the deduction to apply.

upvoted 0 times

...

Nana

25 days ago

That's correct. The property must meet both requirements to qualify for the federal estate tax marital deduction.

upvoted 0 times

...

Daniel

1 months ago

C) Both l and II

upvoted 0 times

...

Billi

1 months ago

A) l only

upvoted 0 times

...

Wynell

2 months ago

I'm not sure, but I think the answer might be D) Neither I nor II because only one of the requirements needs to be met.

upvoted 0 times

...

Venita

3 months ago

I agree with Ceola, because both requirements need to be met for the property to qualify for the federal estate tax marital deduction.

upvoted 0 times

...

Ceola

3 months ago

I think the answer is C) Both l and II.

upvoted 0 times

...