Assume the same facts as in Problem 43 with the following modifications Mitch is killed by a rock slide while mountain climbing in November 2015, and the insurer pays Alicias estate $400,000 Berts executor did not make a QTIP election Alicias IRAs were the Roth type (not traditional) The record dat...

2394000 Mitchs death does not affect Alicias gross est ...

Assume the same facts as in Problem 43 with the following modifications. Mitch is killed by a

Question:

Assume the same facts as in Problem 43 with the following modifications.

Mitch is killed by a rock slide while mountain climbing in November 2015, 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 (not September 3).
On November 7, 2015, 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?

Corporation
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A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...