Which of the following is not true concerning gift taxes? a. Gift taxes are not abolished but
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Which of the following is not true concerning gift taxes?
a. Gift taxes are not abolished but a lifetime exclusion of $11.4 million is available in 2019.
b. The Tax Cuts and Jobs Act of 2017 will eventually eliminate the federal gift tax.
c. Historically, gift taxes and estate taxes have been linked through a unified transfer credit.
d. Gift taxes are different from generation-skipping taxes.
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Related Book For 
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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