How much will these transactions reduce Donald gross estate

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Problem - Donald dies this year, and under his will, a trust is created in the amount of $6 million with the following provisions: life estate to Cindy (Donald's wife) and remainder to their children. His will also passes land (cost basis of $1 million and fair market value of $3 million) to the Salvation Army for the site of a new homeless housing project.

Required -

a. If a QTIP election is made, how much will these transactions reduce Donald's gross estate to arrive at the taxable estate?

b. If a QTIP election is not made?

Reference no: EM132650829

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