Question: All the following statements concerning the charitable deduction are correct, EXCEPT: (Topic 69) (A) The charitable deduction is limited to 50% of the gross estate.

All the following statements concerning the charitable deduction are correct, EXCEPT:

(Topic 69)

(A) The charitable deduction is limited to 50% of the gross estate.

(B) The remainder interest of a charitable remainder trust is includible in the gross estate.

(C) A charitable contribution may produce both an income tax deduction and an estate tax deduction.

(D) Life insurance given to a charity within three years of death is includible in the gross estate.

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