The generation-skipping transfer tax

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The generation-skipping transfer tax (GSTT) is in addition to the unified gift and estate tax and is designed to tax large transfers that skip a generation (i.e. from grandparent to grand chile). The purpose of the tax is to collect potentially lost tax dollars from the skipped generation. Which of the following transfers qualify for the unlimited marital deduction?

a. True

b. False

Reference no: EM13895603

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