Fifteen years ago, Mrs. Cobb purchased land costing $80,000. She had the land titled in the names
Question:
a. What amount was included in Mrs. Cobb’s gross estate?
b. What amount, if any, of the marital deduction could Mrs. Cobb’s estate claim for the land?
c. Assume Mr. Cobb died after Mrs. Cobb and the land was worth $240,000 at his death. What amount was included in his gross estate?
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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