12) Question text Stacey inherits unimproved land (fair market value of $6 million) from her father on June 1, 2019. She disclaims her interest in the property as follows: one-third on December 1, 2019; one-third on January 3, 2020; and the remaining one-third on May 31, 2020. In all cases, the disclaimers pass the interest to her son (the next heir under state law). The Federal gift tax applies to Stacey for:

a. All of the disclaimers.

b. The disclaimer made in 2019.

c. The May 31, 2020 disclaimer.

d. All of the disclaimers made in 2020.

e. None of the disclaimers.

Answer rating: 100% (QA)

c The May 31 2020 disclaimer EXPLANATION A QUALIFIED DISC... View the full answer