In 1998 delores made taxable gifts to her son of property, Ask an Expert

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In 1998, Delores made taxable gifts to her son of property with a FMV of $200,000. In the current year when Delores dies, the property is worth $800,000. The amount included in Delores's estate tax base because of the 1998 gift is:

a.$0.

b.$189,000

c.$200,000

d.$800,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9410140

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