adjusted gross estate

adjusted gross estate
The gross estate less I.R.C. No.No. 2053 and 2054 expenses equals the adjusted gross estate. Generally, I.R.C. No.No. 2053 and 2054 expenses include administration expenses, debts of the decedent, and losses incurred during the settlement of the estate. Fifty percent of the adjusted gross estate measures the maximum amount of the marital deduction allowed for death tax purposes.
- marital deduction

Black's law dictionary. . 1990.

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