Split-interest purchase of property-normal valuation rules

Reference no: EM131351047

1. Domestic partners can undertake a split-interest purchase of property and normal valuation rules would apply because the partners are not family members. True False

2. In a stock redemption plan the corporation is the owner and beneficiary of the policy and pays the part of the annual premium that equals the current year’s increase in the cash surrender value. True False

Reference no: EM131351047

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