Sue died on May 3, 2018. On October 1, 2015, Sue gave her son Tom land valued

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Sue died on May 3, 2018. On October 1, 2015, Sue gave her son Tom land valued at $7,014,000. Sue applied a unified credit of $2,117,800 against the gift tax due on this transfer. On Sue's date of death the land was valued at $9.4 mill ion.

a. With respect to this transaction, what amount was included in Sue's gross estate?

b. What is the amount of Sue's adjusted taxable gifts attributable to the 2015 gift?

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Global Taxation How Modern Taxes Conquered The World

ISBN: 9780192897572

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Authors: Philipp Genschel, Laura Seelkopf

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Question Posted: May 23, 2019 08:07 AM

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Sue died on May 3, 2018. On October 1, 2015, Sue gave her son Tom land valued

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a Inclusion in gross estate under grossup rule 274580...View the full answer

Global Taxation How Modern Taxes Conquered The World

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