Solved

Prior to His Death in 2015,Ethan Made the Following Taxable

Question 137

Essay

Prior to his death in 2015,Ethan made the following taxable gifts. Year of Gift Amount of Gift Stock in Crimson Corporation Term life insurance policy (maturity value of $200,000) Unimproved land 2000 2013 2013 $800,000 -0- 800,000 The policy on Ethan's life was given to the designated beneficiary.The gift of the stock and the land generated gift taxes of $28,750 and $65,250,respectively. As to these transfers,how much is included in Ethan's gross estate?

Correct Answer:

verifed

Verified

$265,250.$200,000 (life insura...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents