At the time of her death,Amber owns property worth $5,000,000.Other information regarding her affairs is as follows. Unpaid pledge to the building fund of her church $50,000 College graduation gift she had promised her grandson 20,000 Local property taxes owed (accrued prior to death) 100,000 Casualty loss to uninsured vacation home (fire occurred one month before death) 500,000 Mortgage owed on personal residence 800,000 All of these items (except the casualty loss) were paid by her estate,and none were deducted on Form 1041 (income tax return of the estate).What is Amber's taxable estate?

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The Answer of At the time of her death,Amber owns property worth $5,000,000.Other information regarding her affairs is as follows. Unpaid pledge to the building fund of her church $50,000 College graduation gift she had promised her grandson 20,000 Local property taxes owed (accrued prior to death) 100,000 Casualty loss to uninsured vacation home (fire occurred one month before death) 500,000 Mortgage owed on personal residence 800,000 All of these items (except the casualty loss) were paid by her estate,and none were deducted on Form 1041 (income tax return of the estate).What is Amber's taxable estate?

At the Time of Her Death,Amber Owns Property Worth $5,000,000