Under Elliott's will, Lucia inherits property. Lucia dies 18 months later. Assume that the estate tax attributable
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Under Elliott's will, Lucia inherits property. Lucia dies 18 months later. Assume that the estate tax attributable to the inclusion of the property in Elliott’s gross estate was $28,000 and that the estate tax attributable to the inclusion of the property in Lucia’s gross estate is $19,000.
a. Under these circumstances, Lucia's estate claims a credit against the estate tax of $ ____________.
b. What were answer be if Lucia died five years after inheriting the property?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st edition
Authors: David M. Maloney, William H. Hoffman, Jr. , William A. Raabe, James C. Young
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