Mary died on April 3, 2022. As of this date, Marys gross estate was valued at $16.5

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Mary died on April 3, 2022. As of this date, Mary’s gross estate was valued at $16.5 million. On October 3, Mary’s gross estate was valued at $15.8 million. The estate neither distributed nor sold any assets before October 3, 2022. Mary’s estate had no deductions or adjusted taxable gifts. What was Mary’s lowest possible estate tax liability?

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Pearsons Federal Taxation 2023 Comprehensive

ISBN: 9780137840656

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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