The estate of Nancy Hanks reports the following information

The estate of Nancy Hanks reports the following information Value of estate assetS Conveyed to spouse Conveyed to children Conveyed to charities Funeral expenses Administrative expenses Debts $1,635,000 10 points 723,000 123,000 419,000 62,000 31,500 133,000 Skipped eBook What is the taxable estate value? Multiple Choice $266,500 $226,500 $93,500 $419,000.

Solution

A. $266,500

Taxable estate value = $1,635,000 - $723,000 - $419,000 - $62,000 - $31,500 - $133,000 = $266,500