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Author Question: Which of the following is nottrue regarding the valuation of an estate for tax purposes? (Read 57 times)

wenmo

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Question 1

The value of the estate is calculated using


◦ cost.
◦ market value.
◦ cost plus inflation.
◦ the consumer price index.

Question 2

Which of the following is 
not true regarding the valuation of an estate for tax purposes?


◦ Assets including a home are included.
◦ Liabilities including a home mortgage are subtracted.
◦ Funeral and administrative expenses are subtracted.
◦ Life insurance proceeds from policies owned by the decedent are not included.


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Marked as best answer by wenmo on Apr 14, 2019

chem1s3

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wenmo

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Reply 2 on: Apr 14, 2019
Wow, this really help


JCABRERA33

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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