True or False
1. If income in respect of a decendant (IRD) is includible in the gross estate, the estate tax attributable to that income item is deductible by the recipient of the income on the recipient's income tax return.
2. A gift tax paid on completed lifetime transfers is excluded from the gross estate.
3. A decendant's gross estate includes all [property transferred during his or her lifetime in which the decendant held any reversionary interest at the time of death.
4. Property transferred by a decendant to an inter vivos irrevocable trust is included in his ir her gross estate if the decendant retained the power to accelerate distribution of principal to income beneficiaries.