Question: Rachel died in 2019 and her executor is finalizing her estate tax return. The executor has determined that Rachel's adjusted gross estate is $15,830,000 and
Rachel died in 2019 and her executor is finalizing her estate tax return. The executor has determined that Rachel's adjusted gross estate is $15,830,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. Calculate the estate tax liability for Rachel's estate.
***Note the answer was NOT $1,575,000.00
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