Explore BrainMass

Explore BrainMass

    This posting disucusses the taxable parts of a gross estate.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

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

    © BrainMass Inc. brainmass.com June 4, 2020, 1:19 am ad1c9bdddf

    Solution Preview

    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 ...

    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.