Question
In 1998, Delores made taxable gifts to her son of property with an FMV of $200,000. In the current year when Delores dies, the property
In 1998, Delores made taxable gifts to her son of property with an FMV of $200,000. In the current year when Delores dies, the property is worth $800,000. The amount included in Delores's estate tax base because of the 1998 gift is
A) $0.
B) $189,000.
C) $200,000.
D) $800,000
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
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