Mary died on April 3, 2014. As of this date, Mary's gross estate was valued at $6.5
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Mary died on April 3, 2014. As of this date, Mary's gross estate was valued at $6.5 million. On October 3, Mary's gross estate was valued at $5.8 million. The estate neither distributed nor sold any assets before October 3, 2014. Mary's estate had no deductions or adjusted taxable gifts. What was Mary's lowest possible estate tax liability?
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Gross estate and taxable estate using alternate valuation date ...View the full answer
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Related Book For
Federal Taxation 2015 Comprehensive
ISBN: 9780133807783
28th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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