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Question 28 of 75. In June 2018, Cynthia died. She lived with her sister Roxanne until the time of her death. Her only asset was

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Question 28 of 75. In June 2018, Cynthia died. She lived with her sister Roxanne until the time of her death. Her only asset was the home U owned jointly with Roxanne, with right of survivorship, It was worth $12 million at death. Cymthia left no will, and Roxanne did not apply to the court to be named administrator. Assuming that Cynthia purchased the home with her own funds, which statement is correct? No estate return need be filed because there is no one named by the court to file it. Roxanne must file the estate tax return because she is in possession of Cynthia's asset and, for tax purposes, is therefore considered to be her personal representative. No estate tax retun needs to be filed because Cynthia's estate is under the filing threshold. Roxanne must appoint an executor over the estate to file Cynthia's return. Mark for follow up od.com/Evaluations/EvalLaunch.aspx?loid=768a6cb2-67fa-4a52-9fee-4e192b62a824&evallvi-5&redirect urt-%2fphr % 2ic Question 64 of 75. Roger transferred publicly traded stock valued at $100,000 to the Museum of Natural History for $50,000 cash. Roger's basis in- the stock is $9,000 and he had held the stock for more than a year. This is his only gift for the year. Which of the following is correct? Roger may claim a charitable contribution of $50,000 on his income tax return (subject to any applicable limitation) Roger is not required to report the gift on Form 709. Roger must report capital gain on his income tax return of $45,500 ($50,000 cash received -$4,500 allocable basis) All of the above. Mark for follow up statement

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