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Which of the following expense are deductible from the gross estate?
When calculating the gross estate, what measure is used for the value all property included in the gross estate?
In 2018, what is the maximum charitable deduction permitted when calculating the value of the gross estate?
In 2018, what is the maximum marital deduction for a spouse that is a US citizen when the estate tax return is filed and the interest relating to the transfer is included in the gross estate?
Which of the following credits for the gross estate allows a decedent’s surviving spouse to apply the decedent’s deceased spousal unused exclusion (DSUE) amount?
In order to elect portability, when must Form 706 be filed electing portability?
Joan and Bob are married and filed a joint return. Bob has made $5,000,000 in taxable gifts to date and Joan has not made any. In 2018, Bob unexpectedly passes away and portability of the deceased spousal unused exclusion amount is elected when filing the estate return. What is Joan’s exclusion amount?
What form must be filed by the executor to file an Estate Tax Return?
The estate tax return is due within 9 months after the date of the decedent’s death. Filing Form 4768 will request an extension of how much time?
January 1 June 1 July 1
House $2,000,000 $1,900,000 $1,800,000
Stocks 3,950,000 3,975,000 3,875,000
Bonds 1,500,000 1,500,000 1,540,000
The executor sold the home on June 1 for $1,900,000. The executor properly elected the alternate-valuation-date method. What is the value of Stanley’s estate?