fte following is a partial list of relevant items available when filing Wilma Pott's estate tax return: (1.) Two years before she died, Wilma sold stocks, now worth $90,000, then $65,000, for $30,000, to her son. (2.) Wilma owned a summer house, worth $50,000, in joint tenancy with her sister, Betsy, who paid for it.
(3) ) Wilma's home was held in a tenancy by the entirety with her husband, Wilbur, who paid for it, and is worth
$150,000.
(4) ) Wilma's clothes and shoes are worth $800. From the above, Wilma's gross estate includes:
A) $75,800
B) $100,800
C) $160,800
D) $800
Correct Answer:
Verified
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