Mary is Johns surviving spouse. He used $450,000 of his gift and estate tax exclusion for his

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Mary is John’s surviving spouse. He used $450,000 of his gift and estate tax exclusion for his lifetime gifts and his estate used $2,300,000 of his estate tax exclusion in closing his estate in 2017. What is Mary’s estate tax exclusion when she dies in 2018 if she and John elected to gift split on all taxable gifts.

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Related Book For  answer-question

Taxation For Decision Makers 2019

ISBN: 9781119497288

9th Edition

Authors: Shirley Dennis Escoffier, Karen A. Fortin

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