The gross estate of Hannah Lopez includes her solely-owned principal residence. The house was valued at $400,000,
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The gross estate of Hannah Lopez includes her solely-owned principal residence. The house was valued at $400,000, It was subject to a mortgage of $300,000. Hannah's estate is NOT liable for repayment of the mortgage. What value is reported for the residence on the estate's Form 706, Schedule A?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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