Question
D owned an insurance policy on the life of A with a policy (cash) value of $10,000 and a face (proceeds) value of $100,000. D
D owned an insurance policy on the life of A with a policy (cash) value of $10,000 and a face (proceeds) value of $100,000. D died and his estate elected alternate valuation under IRC Section 2032. Four months after D's death, A died. At what value is the policy includible in Ds estate?
$10,000
$110,000
$100,000
$-0-
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Expert Systems In Auditing
Authors: J C Van Dijk, Paul Williams, Michael P. Cangemi
1st Edition
1349124761, 978-1349124763
