In 2019, Lisa transferred property worth $80,000 to her brother Andrew. Because of the unified credit, Lisa
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Question:
For each case, state (insofar as the transfer goes) what is: (i)in her gross estate; and (ii) the adjusted taxable gift for estate tax purposes?
a) Lisa transferred stock two years before she died
b) Lisa transferred stock four years before she died.
c) Lisa transferred life insurance ($80, 000 was its gift value) two years before she died. Andrew collected the $120,000 proceeds.
d) Lisa transferred life insurance ($80,000 was its gift value) four years before she died. Andrew collected the $120,000 proceeds.
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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