What is margie''s gross estate for federal estate tax purpose


Margie died on October 3, 2011. Her will directed that upon her death, all of her assets be transferred outright to her husband, Michael. The following are all of the assets that were owned by Margie on October 3, 2011, which were held by Margie and Michael, with Michael, as tenants by the entireties:

Adjusted Basis Fair Market Value Alternate Valuation
Rental real estate $10,300,000 $10,400,000 $10,000,000
Stocks (Publicly traded) $40,000 $50,000 $30,000
Condo $70,000 $40,000 $50,000

Margie made not taxable gifts during her life. What is Margie's gross estate for federal estate tax purposes?

 

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Accounting Basics: What is margie''s gross estate for federal estate tax purpose
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