Question

Alan Maade, a U.S. citizen, died on March 1, leaving an adjusted gross estate with a fair market value of $1,600,000 at the date of death. Under the terms of Alan's will, $475,000 was bequeathed outright to his widow, free of all estate and inheritance taxes. The remainder of Alan's estate was left to his mother. Alan made no taxable gifts during his lifetime. In computing the taxable estate, the executor of Alan's estate should claim a marital deduction of:

Answer 1

$475,000

Step-by-step explanation:

Answer 2

$475,000

Step-by-step explanation:

we know that as by estate taxes 2019 and

that estate of a single individual is over 11.4 million dollars

or estate of a married couple is over 22.8 million dollars.

that is change by 2017 Tax Cuts and Jobs Act because Before threshold was very lower

so here as of the 2017 Tax Cuts and Jobs Act

the full $1,600,000 estate is not subject to taxes

so full amount is transfer with no tax implications to whomever with no tax implication

but here died year is not given so if we consider he died before than

Maritable deduction is available unlimited if transferred by a deceased spouse to the survivor spouse both being US citizen

and in the case Alans estate should claim a marital deduction of $475,000 in computing the taxable estate