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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 57
Jimmy owns two parcels of real estate, Tara and Sundance.Tara is worth $240,000 and Sundance is worth $360,000.Jimmy plans to bequeath Tara directly to his wife Lois and leave her a life estate in Sundance.What amount of value will be included in Jimmy's gross estate and taxable estate should he die now?
Explanation
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Marital Deduction
When the transferred ...
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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