Tracey Is Unmarried and Owns $17 Million in Stock and Bonds

question 10

Multiple Choice

Tracey is unmarried and owns $17 million in stock and bonds. What is the result if Tracey dies this year and leaves all of her property to a qualified charity?

• A)Tracey's gross estate will be zero.
• B)Tracey's estate tax basis will be zero.
• C)Tracey's taxable estate will be zero.
• D)Tracey's estate will have a tentative estate tax of zero.
• E)None of the choices are correct.

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