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What is the maximum marital deduction

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Reference no: EM131620018

Question - Husband and wife lived in a community property state and acquired Ranch with community funds. When Husband died, Ranch had a fair market value of $400,000. Husband's will left all of his property to Wife. What is the maximum marital deduction which may be claimed for Ranch?

A. $200,000

B. $400,000

C. A marital deduction cannot be claimed because the Ranch was purchased with community funds.

D. A marital deduction cannot be claimed because the entire value of the ranch is not included in Husband's gross estate.

Reference no: EM131620018

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