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Federal taxation of wealth transfers

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Federal Taxation of Wealth Transfers

On December 1, 1976, Bart made a gift and claimed a $30,000 specific exemption. When Bart died in 2008, his tax base was $2,000,000. Assuming the maximum unified credit is $780,800, what is the credit available when computing Bart's estate tax is what?

Reference no: EM13755004

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