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Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to) all their
Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to) all their property. She dies with a taxable estate of $35 million and leaves it all to Harold. He dies several years later, leaving the entire $35 million to their three children. (Refer to Exhibit 25-1 and Exhibit 25-2.) Required: Calculate how much estate tax is due from Harold's estate. (Enter your answer in dollars and not in millions of dollars.) Estate tax due
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