Overview
Facts:
Alice Badwin was an entertainment executive who had a fatal accident on a film set. Alice died this year (2025); Alice's will directed his executor to distribute his cash and stock to his spouse and his real estate to a church. The remainder of Alice’s assets were to be placed in trust for three children. The estate consisted of the following:
Assets: Personal assets (watches, etc) $ 800,000 Cash and stock 24,000,000 Intangible assets (film rights) 71,500,000 Real estate 15,000,000 $ 111,300,000 Liabilities: Mortgage $ 3,200,000 Other liabilities 4,100,000 $ 7,300,000
Alice made a taxable gift of $8 million in 2011. Compute the estate tax for Alice's estate.
Fill out Part 5 Item 13 contents
Fill out Part 5 Item 24 contents
Fill out 706 Part 2 Lines 1-20 (omitting any NA or zero lines)
GE Over 110,000,000 less than 115,000,000
Deductions Over 40,000,000 less than 50,000,000
line 8 over 25,000,000
LIne 9a 13,610,000