Will, a bachelor, died in 2022. At that time, his sole asset was cash of $15 million.

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Will, a bachelor, died in 2022. At that time, his sole asset was cash of $15 million. Assume no debts or funeral and administration expenses and no charitable bequests. His gift history was as follows:

a. What was Will’s estate tax base?
b. How would your answer to Part a change if Will made the first gift in 1974 (instead of 1997)?

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Pearsons Federal Taxation 2023 Comprehensive

ISBN: 9780137840656

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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