Question 13 (8 points) Match each statement with the correct choice. Some choices may be used more than once or not used at all Doubles the number of annual exlusions available 1. Income in respect of a decedent (IRD) No step-up in basis at death 2. Discretionary extension of time to pay estate tax 3 Reasonable cause will justify deferral Extension of time to pay Federal estate tax involving interest in closely held business 4. Special use valuation as to certain realty Eliminates preferred stock from donor's gross estate 5. Depreciation recapture potential eliminated Can postpone the payment of any estate tax for 15 years from due date of the return 6. Alternate valuation date OOOO Transfer by death of depreciable property . 7. Election to split gifts 8. No correct choice is given Election by estate will reduce the amount of the gross estate