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At the time of his death in 2020, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $7,050,000

At the time of his death in 2020, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $7,050,000 and a current use value of $4,935,000.

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

b. Assume the farm had a current use value of $6,345,000 (not $4,935,000). Donald's gross estate must include how much as to the farm?

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