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Portability 1. Husband 1 (H1) dies in 2011, having made...

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Finance

Portability

1. Husband 1 (H1) dies in 2011, having made taxable transfers of $2 million and having no taxable estate. Wife (W) marries Husband 2 (H2) in 2012. H2 dies in 2013, having made $3 million in taxable transfers and having no taxable estate. Both H1 and H2 filed an estate tax return and elected portability.

How much of the $15,000,000 Wifes estate is covered by AEA and DSUE, if she dies in 2023? Please explain.

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1. Husband 1(H1) dies in 2011, having made taxable transfers of $2 million and having no taxable estate. Wife (W) marries Husband 2 (H2) in 2012. H2 dies in 2013, having made $3 million in taxable transfers and having no taxable estate. Both H1 and H2 filed an estate tax return and elected portability. How much of the $15,000,000 Wife's estate is covered by AEA and DSUE, if she dies in 2023? Please explain

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