Assume for this question that Louie and Kathleen decide to gift the XYZ company stock to the neighbor today. Which best describes how the gift to the neighbor will be treated in Louie's estate tax calculation if he dies this year? It is not added anywhere in the calculation of the estate tax. It is added to the gross estate in calculating the adjusted gross estate. It is added to the taxable estate in calculating the tentative tax base. It is added to the adjusted gross estate in calculating the taxable estate

Answer rating: 100% (QA)

The detailed answer for the above question is provided below In the Unite... View the full answer