When Godfrey died in 2016, his assets were valued as follows: Asset Date of Death Valuation Valuation
Question:
Asset Date of Death Valuation Valuation Six Months Later
Stocks.......................$2,220,000.................................$2,180,000
Bonds........................4,600,000...................................4,620,000
Home...........................800,000......................................780,000
Total........................$7,620,000..................................$7,580,000
The executor sells the stock two months after the decedent's death for $2,200,000. The bonds were sold seven months after the decedent's death for $4,630,000. What valuation should be used for the gross estate?
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Related Book For
Taxation For Decision Makers 2017
ISBN: 9781119330417
7th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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