Donny died on January 1, 2016 after a drunk driver hit his car. The property that he owned at the time of his death included the following:

Property	Basis	FMV 1/1/16	FMV 4/1/16	FMV 7/1/16	FMV 10/1/16	FMV 1/1/17
House	$200,000	$350,000	$354,393	$358,842	$363,346	$367,907
Boat	$40,000	$38,000	$37,527	$37,060	$36,599	$36,143
Annuity	$100,00	$300,000	$275,840	$251,193	$266,050	$200,401
Note Receivable	$40,000	$200,000	$190,918	$181,744	$172,479	$163,121
Personal Property	$100,000	$30,000	$29,627	$29,259	$28,894	$28,534
Car	$47,500	$25,000	$24,689	$24,381	$24,078	$23,778
Rental Property	$230,000	$400,000	$411,101	$422,510	$434,236	$446,288
Total	$757,500	$1,343,000	$1,324,095	$1,304,988	$1,285,682	$1,266,172

All property listed above was owned in sole ownership by Donny. The annuity is a joint and survivor annuity and will continue to pay his wife Jeanette for her lifetime. Donnys will leaves all probate assets to his son and daughter in equal shares. Donny also owned a life insurance policy on his life. His basis in the policy was $89,000 and the death benefit was $1,000,000. The beneficiary of the insurance policy was Donnys daughter, Cheryl. The family sued the drunk driver and received $500,000 for wrongful death payable to Jeanette and $200,000 for Donnys pain and suffering payable to Donnys estate. Donny made substantial gifts during his life. He paid gift tax of $98,000 in 2006 and $67,200 on April 15, 2014. Donnys funeral cost $15,000. The car was sold 4/1/16 for its fair market value on that date in order to pay for Donnys $16,000 hand-carved marble headstone. Donny had $250,000 of medical expenses from the accident, but all expenses were covered by his medical insurance. The note receivable was being paid monthly.

What is the value of Donny's gross estate assuming the date of death valuation is selected?

		$2,609,889.
		$2,610,200.
		$2,639,558.
		$3,208,200.

What is the value of Donnys gross estate assuming the alternate valuation date is selected?

		$2,572,188
		$2,610,200.
		$2,639,559
		$3,273,559.

Determine whether Annuity is included in Donnys probate estate?

		Yes, this item is included in the probate estate.
		No, this item is not included in the probate estate.

Determine whether Note Receivable is included in Donnys probate estate?

Yes, this item is included in the probate estate.

No, this item is not included in the probate estate.

Determine whether Gift Tax Paid in 2014 is included in Donnys probate estate?

		Yes, this item is included in the probate estate.
		No, this item is not included in the probate estate.

What is the value of Donnys marital deduction?

		$0
		$300,000
		$500,000.
		$800,000.