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Chase owned 8 0 % of the stock of Lucci Corporation, with the remaining 2 0 % held by various family members. Over the past
Chase owned of the stock of Lucci Corporation, with the remaining held by various family members. Over the past four years, Lucci Corporation has generated average net profits of $ and on the date of Chase's death, the book value of the corporation's stock was $
Assume that the IRS identifies as an appropriate rate of return.
Using these facts, total value of the Lucci stock would be determined to be $fill in the blank
which includes $fill in the blank
as computed goodwill. Therefore, IRS would probably contend that the stock should be included in Chase's gross estate at $fill in the blank
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