Marilynn died on May 3, 2013. On October 1, 2010, Marilynn gave Dan land valued at $2,450,000. Marilynn applied a unified credit of $330,800 against the gift tax due on this transfer. On Marilynn’s date of death the land was valued at $2.8 million.
Amount of Annual Gift
Exclusion per Donee
a. With respect to this transaction, what amount was included in Marilynn’s gross estate?
b. What is the amount of Marilynn’s adjusted taxable gifts attributable to the 2010 gift?