Lou dies on April 12, 2018. All of Lou's property passed to Paula, his daughter. Paula dies on January 15, 2020. Both Lou's and Paula's estates pay federal estate taxes. Lou's estate tax was $350,000. How much can Paula's estate claim for a credit for tax on prior transfers?

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Paula's estate can claim a credit for the full amount of federal estate tax paid by Lou's estate, which is $350,000, as it is a tax on prior transfers within two years.

Lou Dies on April 12, 2018