Question: Jane, a single individual, died in 2024 with a net taxable estate of $16,000,000. She used half of her unified credit to make taxable gifts

Jane, a single individual, died in 2024 with a net taxable estate of $16,000,000. She used half of her unified credit to make taxable gifts during her lifetime.

What is her estate tax liability?

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To calculate Janes estate tax liability we first need to determine her applicable exclusion amount and the tentative tax on her taxable estate 1 Appli... View full answer

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