Sue died on May 3, 2018. On October 1, 2015, Sue gave her son Tom land valued
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Sue died on May 3, 2018. On October 1, 2015, Sue gave her son Tom land valued at $7,014,000. Sue applied a unified credit of $2,117,800 against the gift tax due on this transfer. On Sue's date of death the land was valued at $9.4 mill ion.
a. With respect to this transaction, what amount was included in Sue's gross estate?
b. What is the amount of Sue's adjusted taxable gifts attributable to the 2015 gift?
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a Inclusion in gross estate under grossup rule 274580...View the full answer
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Related Book For
Global Taxation How Modern Taxes Conquered The World
ISBN: 9780192897572
1st Edition
Authors: Philipp Genschel, Laura Seelkopf
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