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B PTS: 1 NOT: Claim as a deduction on the income tax return of the estate (Form 1041). 27-28 PROBLEM 1. Among the assets included in Judes gross...

44. ANS: B PTS: 1 NOT: Claim as a deduction on the income tax return of the estate (Form 1041). P. 27-28 PROBLEM 1. Among the assets included in Judes gross estate are the following. Three months after Judes death, his executor sells the Coot stock for $850,000. A. b. c. What is the amount of Judes gross estate if date of death value is used? What is the amount of Judes gross estate if the alternate valuation date is elected? Suppose all of Judes assets pass to his surviving spouse. Does this have any impact on the choice of valuation date?

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