Which , if any, of the following statements is (are)correct?
1.) The value of a gift for gift tax purposes is equal to thefair market value of the gifted property on the date of the gift ordate of death
2.) The value of a publicly traded security for estates and gifttaxes purposes is equal to the average of the high and low tradingprice on the date of the gift or date of death
a.) 1 only
b.) 2 only
c.) Both 1 and 2
d.) Neither 1 nor 2
Which , if any, of the following statements is (are)correct?
1.) The value of a gift for gift tax purposes is equal to thefair market value of the gifted property on the date of the gift ordate of death
2.) The value of a publicly traded security for estates and gifttaxes purposes is equal to the average of the high and low tradingprice on the date of the gift or date of death
a.) 1 only
b.) 2 only
c.) Both 1 and 2
d.) Neither 1 nor 2
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Related questions
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