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Mr. Smith died on June 1, 2019. His taxable estate was $18 million. Compute his estate tax payable if he previously used $5 million of
Mr. Smith died on June 1, 2019. His taxable estate was $18 million. Compute his estate tax payable if he previously used $5 million of his lifetime transfer tax exclusion on taxable gifts made during his lifetime. You must show your work or credit will not be awarded.
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