$10.00
The interest rate provided for is 9%. |
The election of § 2032 (alternate valuation date) |
$413,000 basis for gain and loss. |
$613,000. |
She makes gifts to family members to help her estate qualify under § 6166 (extension of estate tax payments relative to an interest in a closely held business). |
Lacking any election by the trustee, Pamela’s basis in the asset is $20,000. |
$0 |
$40,000 by Antoinette and $80,000 by George |
$200,000 ordinary income |
$40,000. |