bernard made a gift of $500,000 to his brother in 2014. Due to Bernard’s prior taxable gifts he paid $200,000 of gift tax. When Bernard died in 2019, the applicable gift tax credit had increased. At Bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?

$0 is the amount related to the $500,000 gift to his brother that would be included in his gross estate

Explanation:

In this question, we are expected to determine the amount related to the $500,000 gift to his brother is included in Bernard’s gross estate.

The amount related to the $500,000 gift that is included in the gross estate is $0.

We shall be giving the reason for our answer based on time-scale difference.

The difference in the number of years between when the amount was gifted and when Bernard died is 5 years(2015-2019)

It should however be noted that it is only gift tax on gifts within 3 years of death is included in gross estate according to law.

Now, because this gift we are talking about was made more than 3 years before death, $0 is what will be included in Bernard’s gross estate as regards this particular gift.

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the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.