On the advice of her estate planner, Grace made taxable gifts of $5 million in 2011. Grace

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On the advice of her estate planner, Grace made taxable gifts of $5 million in 2011. Grace dies in late 2016 leaving a taxable estate of $1.1 million. Grace has always been single and never made any taxable gifts before 2011. Determine her estate tax liability?
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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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