At the time of his death in 2020, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $5,000,000 and a current use value of $3,500,000.

a. If the special-use valuation election is made, Donald's gross estate must include how much as to the farm?

it's not 1,500,000

b. Assume the farm had a current use value of $4,000,000 (not $3,500,000). Donald's gross estate must include how much as to the farm?

its not 1,000,000