Advantage to making lifetime transfer of property to donee

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Reference no: EM131215873

Which of the following is an advantage to making a lifetime transfer of property to a donee?

a. It receives a step-up in basis to fair market value.

b. It may receive a basis higher than fair market value for the gift tax.

c. It removes property from the taxable estate.

d. Appreciation escapes taxation when it is sold at a later date.

Reference no: EM131215873

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