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How do I calculate estate tax deduction?

To determine the estate tax deduction: First, calculate the estate tax based on the value of the total estate, including IRD. Then calculate the estate tax a second time on the value of the estate without IRD. The difference in the two calculations is the amount of estate tax paid on that piece of income.

How do you calculate real estate tax rate?

Calculate your real estate tax by multiplying your property’s assessed value by the annual tax rate. Subtract any applicable exemptions allowed by the tax code from this amount and then add any special fees that you’re liable for.

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