What amount must be brought back to the man’s estate as an adjusted taxable gift in the calculation of his federal estate taxes?

A man died in February of this year. Last year, when he learned that he had a terminal illness, he immediately made the following gifts and filed the required gift tax return:

Fair Market Value

Gift of listed stock to a

qualified charity $100,000

Gift of listed bonds to his wife 200,000

Gift of a boat to his son 10,000

Gift of a sports car to his daughter 10,000

What amount must be brought back to the man’s estate as an adjusted taxable gift in the calculation of his federal estate taxes?
A . 0
B . $ 90,000
C . $280,000
D . $320,000

View Answer

Answer: A