SEE-1 - Specialised Returns for Individuals - Section 6.1

Determine the gross estate, applicable exclusion amount, portability of a deceased spouse's unused exclusion, and compute the federal estate tax on Form 706.

Determine the gross estate from the fair market value of property the decedent held at death, then subtract marital, charitable, and administrative deductions to reach the taxable estate on Form 706. Apply the applicable exclusion amount and portability, which lets a surviving spouse elect to use a deceased spouse unused exclusion amount.

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