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Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and

Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his spouse, Kaffie, and the real estate to a church, The First Church of Methodology. The remainder of Tom's assets were to be placed in trust for three children. Tom's estate consisted of the following:
Assets:
Personal assets $ 1,040,000
Cash and stock 24,200,000
Intangible assets (film rights)72,500,000
Real estate 15,200,000
$ 112,940,000
Liabilities:
Mortgage $ 3,400,000
Other liabilities 4,300,000
$ 7,700,000
b. Fill out lines 1 through 12 in part 2 of Form 706 for Tom's estate. Exhibit 25-2.
Note: Use 2022 tax rules regardless of year on tax form. Input all values as positive numbers. Leave no cells blank - be certain to enter "0" wherever required.

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