Estate of Albert Fratini, Deceased, Marion Friedeberg, Personal Representative - Page 12

                                       - 12 -                                         

                                         Sec.               Form 706                  
                                         2040     Form 706 Fractional                 
                               Value of Percent   Value     Interest                  
                                 Fee    Included  Before   Discount  Form 706         
                                Simple  Per Form FractionalPercentageReturned         
          No.   Description    Interest 706       Discount  Claimed    Value          
           1    Checking Acct. #1 $26,24450.00    $13,122     --    $13,122           
           2    Savings Acct.    5,214   50.00     2,607      --       2,607          
           3    Checking Acct. #23,480   50.00     1,740      --       1,740          
           4    CD             100,000   50.00    50,000      --      50,000          
           5    Laidley        275,000  100.00    275,000     15    233,750           
           6    Valencia       965,000   78.87    761,096     15    646,932           
           7    South Fitch     29,000   78.39    22,733      15      19,323          
           8    Chenery        250,000   53.68    134,200     15    114,070           
           9    Dolores        435,000   53.67    233,465     15    198,444           
           10   Onondaga       400,000   55.32    221,280     15    188,088           
           11   Acadia          90,000  100.00    90,000      35      58,500          

          In the notice of deficiency, respondent determined that                     
          decedent's estate was not entitled to claim any credit pursuant             
          to section 2040 or fractional interest discounts in any amount on           
          the parcels of real property described as items 5 through 11 on             
          Schedule E of Form 706.                                                     
               On Form 706, Schedule K, Debts of the Decedent, and                    
          Mortgages and Liens, decedent's estate claimed deductions for,              
          among other things, a portion of the mortgages related to the               
          Dolores and Onondaga properties.  On Schedule K, decedent's                 
          estate allocated the mortgages on the properties in amounts equal           
          to the section 2040 inclusion percentages for the respective                
          pieces of property.  The following table contains amounts related           
          to the deductions for mortgages on the Dolores and Onondaga                 
          properties, which amounts were reported on Schedule K:                      





Page:  Previous  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  Next

Last modified: May 25, 2011