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Frazier's estate includes the following assets: Fair Market Value Date of Death Six Months Later Office building $7,200,000 $6,000,000 Stock in ABC Corporation 35,000 40,000

Frazier's estate includes the following assets: Fair Market Value Date of Death Six Months Later Office building $7,200,000 $6,000,000 Stock in ABC Corporation 35,000 40,000 In order to pay expenses, the executor of the estate sells the ABC stock for $30,000 five months after his death. If the 2032 election is made, the gross estate includes $

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