Determine the gross estate under the following property relationships: 1. Conjugal partnership of gains regime: 2. Absolute community of property regime:
Determine the gross estate under the following property relationships: 1. Conjugal partnership of gains regime: 2. Absolute community of property regime:
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 23CE
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Transcribed Image Text:The following data pertain to the death of a resident alien:
Property acquired by decedent prior to marriage
Property acquired by surviving spouse prior to marriage
Property inherited by decedent during marriage
Property inherited by the surviving spouse during marriage
Property acquired through labor during marriage
Income derived from property inherited by the surviving spouse
During marriage inclusive of income tax of 50,000
Time deposit (excluding interest before death, 90,000 and interest
600,000
700,000
800,000
900,000
1,000,000
450,000
After death, 60,000)
850,000
Required:
Determine the gross estate under the following property relationships:
1. Conjugal partnership of gains regime:
2. Absolute community of property regime:
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT