Following are the fair market values of Wald's assets at the date of death: Personal effects and Jewelry: $1,750,000 Land bought by Wald with Wald's fund five years prior to death and held with Wald's sister as joint tenants with right of survivorship: $3,800,000 The executor of Wald's estate did not elect the alternate valuation date. The amount includible as Wald's gross estate in the federal estate tax return is

Following are the fair market values of Wald's assets at the date of death: Personal effects and Jewelry: $1,750,000 Land bought by Wald with Wald's fund five years prior to death and held with Wald's sister as joint tenants with right of survivorship: $3,800,000 The executor of Wald's estate did not elect the alternate valuation date. The amount includible as Wald's gross estate in the federal estate tax return is

Following are the fair market values of Wald's assets at the date of death:
Personal effects and Jewelry: $1,750,000
Land bought by Wald with Wald's fund five years prior to death and held with Wald's sister as joint tenants with right of survivorship: $3,800,000
The executor of Wald's estate did not elect the alternate valuation date. The amount includible as Wald's gross estate in the federal estate tax return is





a. $1,750,000
b. $3,800,000
c. $5,000,000
d. $5,550,000






Answer: D