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Questions and Answers
Transferring property from one spouse to another is always considered a taxable event
Transferring property from one spouse to another is always considered a taxable event
False (B)
Spouses are considered one unit for tax purposes
Spouses are considered one unit for tax purposes
True (A)
Transferring property as part of a divorce is always considered a taxable event
Transferring property as part of a divorce is always considered a taxable event
False (B)
Transferring property for less than its fair market value may have tax implications
Transferring property for less than its fair market value may have tax implications
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Transferring property to a non-US citizen spouse is always considered a taxable event
Transferring property to a non-US citizen spouse is always considered a taxable event
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