Which of the following statements concerning the imposition of state death taxes on property
owned by a decedent is (are) correct?
1. Real estate must be taxed in the state where the decedent was domiciled.
2. lntangible personal property is generally taxed in the state where the decedent was domiciled
Which of the following statements concerning the so-called ''kiddie-tax'' on unearned income of children under age 14 is (are) correct?
l. The rules apply to earned income of the children.
II. The rules apply to trust income received by a child under age 14 only it the trust was
established by the child's parents.
All the following transfers are subject to the generation-skipping transfer tax (GSTT) EXCEPT: