American College Exam HS330 Topic 1 Question 35 Discussion

A man died in February of this year. Last year, when he learned that he has 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 $150,000

Gift of listed bonds to his wife 200,000

Gift of a boat to his son 5,000

Gift of a sports car to his daughter 5,000

What amount must be brought back to the man's estate as an adjusted taxable gift in the

calculation of his federal estate taxes?