- 12 - Original Amended Recapitulation return return Difference Real estate $199,400 $148,500 $50,900 Stocks and bonds 1,827,042 1,796,600 30,442 Mortgages, notes, and cash 200,943 200,943 -0- Ins. on the decedent's life 25,720 25,720 -0- Jointly owned property 519,141 519,141 -0- Other misc. property 6,500 6,500 -0- Transfers during the decedent's life -0--0- -0- Appointment -0- -0- -0- Annuities -0- -0- -0- Total gross estate 2,778,746 2,697,404 81,342 Funeral expenses $48,506 48,506 -0- Debts of the decedent 5,899 5,899 -0- Mortgages and liens -0- -0- -0- Total 54,405 54,405 -0- Allowable amount 54,405 54,405 -0- Net losses during admin. -0- -0- -0- Expenses incurred in administering property -0- -0- -0- Bequests, etc. to surviving spouse -0--0- -0- Charitable, public, and similar gifts and bequests 1,346,060 1,305,390 40,670 Total allowable deductions 1,400,465 1,359,795 40,670 The manner in which the estate computed the charitable deduction claimed on the original estate tax return and on the amended return is as follows: Original Amended Computation of charitable deductions return return Gross estate $2,778,746 $2,697,404 Less: Funeral expenses 48,506 48,506 Debts per return 5,899 5,899 Ins. on the decedent's life 25,720 25,720 Bequest of rings to sister 6,000 6,000 Bequest of household goods to Ms. Pryor 500 500 86,625 86,625 Net assets available for distribution2,692,121 2,610,779 Charitable deduction (1/2 of net assets available) 1,346,061 1,305,390Page: 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