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Question - When Jane dies this year her gross estate included the following:
Cash $39,138 held in Jane's name
Investments $104,395 titled JTWROS with her husband Jake a US. Citizen
Life Insurance $258,448 son is beneficiary
House $458,559 owned solely by Jane
Jane's will leaves $20,000 to her son and the remainder of her probate assets to Jake. Estate Administrative expenses are $25,000 for administrative expenses, $50,000 for funeral expenses and $20,000 for credit card debt. What is the amount of the marital deduction on Jane's estate tax return?
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