How do you elect portability

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Reference no: EM131954740

1. Which do you prefer: a bank account that pays 8% per year (EAR) for three years or:

(i) An account that pays 4% every six months for three years?

(ii) An account that pays 12% every 18 months for three years?

(iii) An account that pays 0.8% per month for three years?

2. How do you elect portability?

a. The election is made by checking the box on Schedule M of Form 706

b. The election is made on the decedent's final form 1040

c. The election is made by filing a from 706 in a timely manner for the first spouse to die

d. The election is made on the first year of Form 1041.

Reference no: EM131954740

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