SIE Exam Question 164: Answer and Explanation

Question: 164

Beginning in TY 2020, what is the basic exclusion limit on tax-free transfers during life or at death (the unification of gift and estate taxes)?

• A. $10,500,000
• B. $10,680,000
• C. $11,140,000
• D. $11,580,000

Correct Answer: D

Explanation:

Beginning in TY 2020, the basic exclusion limit on tax-free transfers during life or at death (the unification of gift and estate taxes) is $11,580,000.