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This posting disucusses the taxable parts of a gross estate.

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What property is included in the gross estate? What can be deducted? What is taxable?

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Solution Summary

The solution discusses how property is treated in a gross estate depending on type of property and deductions. Property that is included, deductions, and taxable parts of the gross estate are broken down.

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Property included in someone's gross estate includes all property in which the individual held an interest when they died. Houses, land, retirement accounts, stocks, bonds, business ownerships, and so forth are examples of what is included in the gross estate.

Deductions that can legally be used for the gross ...

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