At the time of his death in 2022, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $6,875,000 and a current use value of $4,812,500. Question Content Area a. If the special - use valuation election is made, Donald's gross estate must include how much as to the farm?
At the time of his death in 2022, Donald owned a farm (a qualified, closely held business) with a most suitable use value of $6,875,000 and a current use value of $4,812,500. Question Content Area a. If the special - use valuation election is made, Donald's gross estate must include how much as to the farm?
Chapter19: Family Tax Planning
Section: Chapter Questions
Problem 18CE
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Transcribed Image Text:At the time of his death in 2022, Donald owned a farm (a qualified, closely held business) with a most suitable use value
of $6,875,000 and a current use value of $4,812,500. Question Content Area a. If the special - use valuation election is
made, Donald's gross estate must include how much as to the farm?
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