What amount, if any, does Bob’s estate exceed the $11,000,000 exclusion amount?

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter19: Family Tax Planning
Section: Chapter Questions
Problem 33P
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2. Bob died in Year 3. His gross estate consisted of assets with a fair market value of $13,500,000. In his will, Bob leaves $1,000,000 to his wife, $500,000 to his only daughter, and $250,000 to his favorite charity. Prior to Bob’s death, he was involved in a lawsuit when one of his tenants slipped and fell at one of the rental properties owned by Bob. After his death, the personal representative settled the lawsuit for $750,000. The expenses to close Bob’s estate were $50,000.
In Year 3, the federal estate exclusion amount is $11,000,000. What amount, if any, does Bob’s estate exceed the $11,000,000 exclusion amount?

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