In 2004,Marcie made some taxable gifts upon which she paid a Federal gift tax of $42,000.If Marcie dies in 2008,the $42,000 is included in her gross estate under the "gross up" rule.

Name: In 2004,Marcie made some taxable gifts upon which she paid a Federal gift tax of $42,000.If Marcie dies in 2008,the $42,000 is included in her gross estate under the "gross up" rule.
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The "gross up" rule applies only to gift taxes paid on gifts made within the three-year period prior to death.

In 2004,Marcie Made Some Taxable Gifts Upon Which She Paid