Business
Business, 30.07.2020 01:01, runninglovexoxo

Natalie's estate includes the following assets: Fair Market Value
Date of Death Six Months Later
Office building $14,200,000 $13,000,000
Stock in ABC Corporation 635,000 633,000
In order to pay expenses, the executor of the estate sells the ABC stock for $630,000 five months after his death.
a. If the § 2032 election is made, Natalie's gross estate includes $
The value of the property on the date of its transfer generally determines the amount that is subject to the gift tax or the estate tax. Under certain conditions, however, an executor can elect to value estate assets on the alternate valuation date. The election is made by the executor of the estate and is irrevocable.
b. Assume the Green stock is sold for $650,000 seven months (rather than five months) after Natalie's death. If the § 2032 election is made, Natalie's gross estate includes $ 6440000
c. If the § 2032 election is not made, the gross estate includes $ 6560000

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Natalie's estate includes the following assets: Fair Market Value
Date of Death Six Months L...

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