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At his death George had a probate estate consisting of $4 million of property. Which of the following is a true statement about George's estate
At his death George had a probate estate consisting of $4 million of property. Which of the following is a true statement about George's estate or estate tax?
George must have an adjusted gross estate of at least $4 million. | ||
George must have a taxable estate of at least $4 million. | ||
George must have a gross estate of at least $4 million. | ||
George must have an estate tax base (cumulative taxable transfers) of at least $4 million. | ||
None of the choices are necessarily true. |
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