Among the assets included in Taylor's gross estate are the following. Fair Market Value Date of Death Six Months After Date of Death Stock in Grebe Corporation Stock in Rail Corporation Office building $7,000,000 800,000 900,000 $6,800,000 850,000 890,000
a.What is the amount of Taylor's gross estate if date of death value is used?
b.What is the amount of Taylor's gross estate if the alternate valuation date is elected?
c.Suppose all of Taylor's assets pass to her surviving spouse.Does this have any impact on the choice of valuation date? Explain.

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The Answer of Among the assets included in Taylor's gross estate are the following. Fair Market Value Date of Death Six Months After Date of Death Stock in Grebe Corporation Stock in Rail Corporation Office building $7,000,000 800,000 900,000 $6,800,000 850,000 890,000
a.What is the amount of Taylor's gross estate if date of death value is used?
b.What is the amount of Taylor's gross estate if the alternate valuation date is elected?
c.Suppose all of Taylor's assets pass to her surviving spouse.Does this have any impact on the choice of valuation date? Explain.

Among the Assets Included in Taylor's Gross Estate Are the Following