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Exercise 18-20 (Algorithmic) (LO. 3) Included in Mary's gross estate are the following assets. Fair Market Value Date of Death Six Months Later Stock in
Exercise 18-20 (Algorithmic) (LO. 3)
Included in Mary's gross estate are the following assets.
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If an amount is zero, enter "0".
a. How much is included in her gross estate if the alternate valuation date is elected? Because the 2032 election can be made, the amount to include is $ _____
b. Suppose all of Mary's assets pass to her surviving spouse. How much is included in her gross estate if the alternate valuation date is elected? Because the 2032 election cannot be made, the amount to include is $ ______
(the answer is not 0 for the second)
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