Question
At the time of his death in 2022, Seth owned a closely-held business with a most suitable use value of $5,000,000 but a current use
At the time of his death in 2022, Seth owned a closely-held business with a most suitable use value of $5,000,000 but a current use value of $3,200,000.
Assuming that the property qualifies under 2032A and the special use valuation election is made, Seth's gross estate must include $fill in the blank 1 for the value of the closely-held business.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
