Tracey is unmarried and owns $7 million in stock and bonds. What is the result if Tracey dies this year and leaves all of her property to a qualified charity?
A) Tracey's taxable estate will be zero.
B) Tracey's gross estate will be zero.
C) Tracey's estate tax basis will be zero.
D) Tracey's estate will have a tentative estate tax of zero.
E) None of the choices are correct.
Correct Answer:
Verified
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