Included in Mary's gross estate are the following assets. Fair Market Value Fair Market Value Date of
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Question:
Included in Mary's gross estate are the following assets.
Fair Market Value | Fair Market Value | |
Date of Death | Six Months Later | |
Stock in Orange Corporation | $23,240,000 | $24,402,000 |
Stock in Crimson Corporation | $34,860,000 | $27,888,000 |
How much is included in her gross estate if the alternate valuation date is elected? Suppose all of Mary's assets pass to her surviving husband. How much is included in her gross estate if the alternate valuation date is elected?
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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