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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 $7,575,000
At the time of his death in 2020, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $7,575,000 and a current use value of $5,302,500. a. If the special-use valuation election is made, Donald's gross estate must include how much as to the farm? X Feedback Check My Work The major objective of the special use value election, is to provide a form of limited relief to protect the heirs against the possibility sell a portion of the family farm to pay estate taxes. having to b. Assume the farm had a current use value of $6,817,500 (not $5,302,500). Donald's gross estate must include how much as to the farm? X Feedback Check My Work Incorrect h
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