At his death Dr. Heinz Doofenshmirtz held several patents for evil inventions. These patents were valued at $400,000 which paid royalties of $50,000 per year. Dr. Heinz Doofenshmirtz by by will left these patents to a trust with his spouse Charlene Doofenshmirtz as the income beneficiary and remainder to Vanessa Doofenshmirtz. If possible, the estate would like to make a Qualified terminal Interest Property election for the trust.
What is the total gross estate? What is the total gross estate deductions?