Under Elliott's will, Lucia inherits property. Lucia dies 18 months later. Assume that the estate...
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Accounting
Under Elliott's will, Lucia inherits property. Lucia dies 18 months later. Assume that the estate tax attributable to the inclusion of the property in Elliotts gross estate was $28,000 and that the estate tax attributable to the inclusion of the property in Lucias gross estate is $19,000.
a. Under these circumstances, Lucia's estate claims a credit against the estate tax of $ .
b. What were answer be if Lucia died five years after inheriting the property?
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