Question

which of the following would qualify for a gift-splitting? a. herbert and his wife kelly transfer stock worth $30,000 to their son ignatius. b. jakob and his wife mariska, a hungarian citizen living in hungary, transfer stock worth $30,000 to their son istvan. c. louise and marv transfer stock worth $30,000 to their son nels before their divorce, although louise has since remarried. d. none of the above

Answer 1

The correct answer is d. none of the above. None of the given options meet the requirements for gift-splitting.

Step-by-step explanation:

The correct answer is d. none of the above.

Gift-splitting refers to the practice of using a couple's combined gift tax exclusion to make a tax-free gift. In this scenario, none of the options listed would qualify for gift-splitting:

• Option a: Herbert and Kelly transferring stock to their son does not qualify because gift-splitting can only be done by married couples.
• Option b: Jakob and Mariska transferring stock, where Mariska is a Hungarian citizen living in Hungary, also does not qualify because they are not U.S. residents.
• Option c: Louise and Marv transferring stock before their divorce, although Louise has since remarried, does not qualify because they are no longer married.

Therefore, the answer is d. none of the above as none of the given options meet the requirements for gift-splitting.