Question: Assume the same facts as in Problem 40 with the following modifications. Mitch is killed in a rock slide while mountain climbing in November
Assume the same facts as in Problem 40 with the following modifications.
• Mitch is killed in a rock slide while mountain climbing in November 2016, and the insurer pays Alicia's estate $400,000.
• Bert's executor did not make a QTIP election.
• Alicia's IRAs were the Roth type (not traditional).
• The record date for the Drab Corporation dividend is September 5, 2016 (not
September 3, 2016).
• On November 7, 2016, Alicia's estate receives from the IRS an $8,000 income tax refund on the taxes she paid for the preceding calendar year. What amount is included in Alicia's gross estate?
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