American College Exam HS330 Topic 3 Question 95 Discussion

Actual exam question for American College's HS330 exam

Question #: 95
Topic #: 3

For estate tax purposes which of the following is (are) a form of charitable gifts that may qualify for the charitable deduction?

l. Split gifts

ll. Charitable remainder trusts

Al only

BII only

CBoth l and II

DNeither I nor II

Show Suggested Answer

Suggested Answer: C

by Erick at Aug 24, 2024, 02:04 AM

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Chandra

3 months ago

I'm not sure about split gifts, but I know charitable remainder trusts definitely qualify for the charitable deduction.

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Kiley

3 months ago

I agree with Marci, because both split gifts and charitable remainder trusts can qualify for the charitable deduction.

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Marci

3 months ago

I think the answer is C) Both l and II.

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Justine

3 months ago

Charitable remainder trusts? Sounds like a trust fund for the charity. I'll go with C, but I'm already dreaming of my next vacation.

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Antione

2 months ago

That sounds like a good choice. Where are you thinking of going on vacation?

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Vicky

2 months ago

I'm going with option C, both split gifts and charitable remainder trusts qualify for the charitable deduction.

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Emerson

2 months ago

I agree, they can really make a difference.

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Stephen

2 months ago

I think charitable remainder trusts are a great way to give back.

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Nenita

3 months ago

Wait, is 'split gifts' like splitting the bill at a restaurant? I'm lost, but I'll go with C just to be safe.

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Isabelle

3 months ago

This question is giving me a headache. I'm just going to go with the answer that sounds the most 'charitable' - C it is!

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Katlyn

3 months ago

Charitable remainder trusts, huh? That's definitely a form of charitable gift that could qualify. C seems like the right answer to me.

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Vincent

3 months ago

Yeah, that's correct. It's important to know the different forms of charitable gifts for estate tax purposes.

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Vince

3 months ago

I think C is the right answer too. Both split gifts and charitable remainder trusts can qualify for the charitable deduction.

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Alonzo

3 months ago

Split gifts? Sounds like a way to get double the charitable deduction! I'm going with C on this one.

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Freeman

2 months ago

I agree, I'm going with option C as well.

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Cecil

2 months ago

I think split gifts are a great way to maximize the charitable deduction.

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