In 2018, Joshua gave $10,500 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $34,000. If Joshua had not given his son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he had made the gift? Increased value of Josh's estate

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter27: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 31CE
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In 2018, Joshua gave $10,500 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $34,000.
If Joshua had not given his son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he
had made the gift?
Increased value of Josh's estate
Transcribed Image Text:In 2018, Joshua gave $10,500 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $34,000. If Joshua had not given his son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he had made the gift? Increased value of Josh's estate
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