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At the Time of Her Death, Amber Owns Property Worth

Question 122

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At the time of her death, Amber owns property worth $5,000,000. Other information regarding her affairs is as follows.  Unpaid pledge to the building fund of her church $50,000 College graduation gift she had promised her grandson 20,000 Local property taxes owed (accrued prior to death) 100,000 Mortgage owed on personal residence 800,000\begin{array}{lr}\text { Unpaid pledge to the building fund of her church } & \$ 50,000 \\\text { College graduation gift she had promised her grandson } & 20,000 \\\text { Local property taxes owed (accrued prior to death) } & 100,000 \\\text { Mortgage owed on personal residence } & 800,000\end{array}
All of these items were paid by her estate, and none were deducted on Form 1041 income tax return of the estate). What is Amber's taxable estate?

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$4,050,000. [$5,000,000 gross estate) - ...

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