In the context of estate taxation, what is the definition of portability? ...
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Accounting
| In the context of estate taxation, what is the definition of portability? |
| If a trust is valid in the state in which it was signed, it is valid in the state in which the decedent died. | |
| If the first spouse to die does not use their entire Applicable Credit Amount, the surviving spouse may be able to use the remainder of the credit. | |
| Portable goods are reported on Schedule F. | |
| Assets owned by the decedent are included in the gross estate regardless of where they are located. |
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