Discuss the estate tax treatment of each of the following items occurring this year. In all cases, assume that Mike is the decedent and that he died on July 5.
a. Interest on State of South Dakota bonds paid on August 1.
b. Cash on Puce stock paid on August 10. Date of record was July 6.
c. Same as (b). Declaration date was July 2.
d. Distributions from traditional and Roth IRAs payable to Kirby (Mike’s surviving spouse).
e. Same as (d), except that Kirby is Mike’s surviving daughter (not his spouse).
f. Same as (d), except that the beneficiary is Mike’s estate.
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