Carter died in 2015 with a gross estate of $6 million. Before he was married in 2002,

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Carter died in 2015 with a gross estate of $6 million. Before he was married in 2002, Carter had made taxable gifts of $400,000 upon which he paid no gift tax. All of Carter's property passes to his surviving spouse. Referring to the formula for the Federal estate tax, as to Carter's estate what is his:

a. Taxable estate?

b. Tax base?

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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