Problem:
Sue died on May 3, 2013. On October 1, 2010, Sue gave Tom land valued at $2,013,000. Sue applied a unified credit of $330,800 against the gift tax due on this transfer. On Sue's date of death, the land was valued at $2.4 million.
Required:
Question 1: With respect to this transaction, what amount was included in Sue's gross estate?
Question 2: What is the amount of Sue's adjusted taxable gifts attributable to the 2010 gift?
Note: Please show how you came up with the solution.