At the time of his death in 2015 Donald owned
At the time of his death in 2015, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $5 million and a current use value of $3.5 million.
a. If the § 2032A election is made, Donald’s gross estate must include how much as to the farm?
b. What if the farm had a current use value of $4 million (not $3.5 million)?
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