Harold and Maude were married and lived in a common law state Maude died in 2018 with a taxable estate of $25 40 million and left It all to Harold Maude's executor filed a timely estate tax return claiming the marital deduction for the property left to Harold including a valid portability election Harold died this year, leaving the entire $25 40 million to their three children (Refer to Exhibit 251 and Exhibit 25 2 ) Calculate how much estate tax is due from Harold's estate under the following two alternatives a Assume that neither Harold nor Maude had made any taxable gifts prior to this year b Assume that Harold and Maude each made a $1 million taxable gift in 2011 and offset the gift tax at that time with the applicable credit EXHIBIT 25 1 Unified Transfer Tax Rates The appltcable credit and exemption are zero for estates that opted out of the estate tax in 2010 EXHIBIT 25 2 The Exemption Equivalent Applicable Exclusion Amount applicable credit and exemption are zero for taxpayers who opt out of the estate, ex Harold and Maude were married and lived in a common law state Maude died in 2018 with a taxable estate of $25 40 million and left It all to Harold Maude's executor filed a timely estate tax return claiming the marital deduction for the property left to Harold including a valid portability election Harold died this year, leaving the entire $25 40 million to their three children (Refer to Exhibit 251 and Exhibit 25 2 ) Calculate how much estate tax is due from Harold's estate under the following two alternatives a Assume that neither Harold nor Maude had made any taxable gifts prior to this year b Assume that Harold and Maude each made a $1 million taxable gift in 2011 and offset the gift tax at that time with the applicable credit EXHIBIT 25 1 Unified Transfer Tax Rates The appltcable credit and exemption are zero for estates that opted out of the estate tax in 2010 EXHIBIT 25 2 The Exemption Equivalent Applicable Exclusion Amount applicable credit and exemption are zero for taxpayers who opt out of the estate, ex

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Harold and Maude were married and lived in a common law state  Maude died in 2018 with a taxable estate of $25 40 million and left It all to Harold  Maude's executor filed a timely estate tax return claiming the marital deduction for the property left to Harold including a valid portability election  Harold died this year, leaving the entire $25 40 million to their three children (Refer to Exhibit  251 and Exhibit 25 2 ) Calculate how much estate tax is due from Harold's estate under the following two alternatives  a  Assume that neither Harold nor Maude had made any taxable gifts prior to this year  b  Assume that Harold and Maude each made a $1 million taxable gift in 2011 and offset the gift tax at that time with the applicable credit  EXHIBIT 25 1 Unified Transfer Tax Rates  The appltcable credit and exemption are zero for estates that opted out of the estate tax in 2010  EXHIBIT 25 2 The Exemption Equivalent   Applicable Exclusion Amount applicable credit and exemption are zero for taxpayers who opt out of the estate, ex  Harold and Maude were married and lived in a common law state  Maude died in 2018 with a taxable estate of $25 40 million and left It all to Harold  Maude's executor filed a timely estate tax return claiming the marital deduction for the property left to Harold including a valid portability election  Harold died this year, leaving the entire $25 40 million to their three children (Refer to Exhibit  251 and Exhibit 25 2 ) Calculate how much estate tax is due from Harold's estate under the following two alternatives  a  Assume that neither Harold nor Maude had made any taxable gifts prior to this year  b  Assume that Harold and Maude each made a $1 million taxable gift in 2011 and offset the gift tax at that time with the applicable credit  EXHIBIT 25 1 Unified Transfer Tax Rates  The appltcable credit and exemption are zero for estates that opted out of the estate tax in 2010  EXHIBIT 25 2 The Exemption Equivalent   Applicable Exclusion Amount applicable credit and exemption are zero for taxpayers who opt out of the estate, ex

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Harold and Maude were married and lived in a common-law state. Maude died in 2018 with a taxable estate of $25.40 million and left It

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