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Frances decides to give her niece, Allison, a gift of $1 million per year for five years. At the end of the five years. Frances

Frances decides to give her niece, Allison, a gift of $1 million per year for five years. At the end of the five years.

Frances dies and leaves a gross estate of $10 million. What is the taxable estate based on the reduction of the

exclusion from the gifts?

A - $0

B - $3,345.00

C - $4,925.00

D - $6,655.00

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