What is the amount of adjusted taxable gifts


Question: Henry died with a gross estate of various assets worth $10,000,000. During his lifetime, Henry gifted land to his daughter. At the time of the gift, the land had an FMV of $2,000,000. Currently, the land's FMV is $2,500,000. What is the amount of adjusted taxable gifts that are included in Henry's estate tax base?

 

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Accounting Basics: What is the amount of adjusted taxable gifts
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