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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
[LO 12.4] When Godfrey died in 2016, his assets were valued as follows:
| Asset | Date of death valuation | Valuation six months later |
| Stocks | $2,220,000 | $2,180,000 |
| Bonds | 4,600,000 | 4,620,000 |
| Home | 800,000 | 780,000 |
| Total | $7,620,000 | $7,580,000 |
The executor sold the stock two months after the decedent's death for $2,200,000. The bonds were sold seven months after the decedent's death for $4,630,000. What valuation should be used for the gross estate?
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Prepare a 350- to 700-word (APA Style format) document that addresses and includes the amount of taxable estate for each of the following:
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