In 2009, Glen Transferred Several Assets by Gift to Different

question 87

Multiple Choice

In 2009, Glen transferred several assets by gift to different persons. Glen dies in 2011. Information regarding the properties given is summarized below. The transfer of the land and the stocks and bonds resulted in a total gift tax of $60,000. As to these transactions, Glen's gross estate must include:

• A) $0.
• B) $200,000.
• C) $260,000.
• D) $1,900,000.
• E) $1,960,000.

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