Tracey Is Unmarried and Owns $7 Million in Stock and Bonds

question 106

Multiple Choice

Tracey is unmarried and owns $7 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 these