Can a resident of Colorado with an estate worth $5,000,000…

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That is possible that the resident will still owe Massachusetts estate tax when the resident die. Massachusetts estate tax for a nonresident owning real property in Massachusetts is as follows:

In the case of a nonresident of Massachusetts who owned or transferred real estate or tangible personal property located in Massachusetts, use the Massachusetts Estate Tax Return (Form M-706) to compute the amount payable to Massachusetts. The amount of the Massachusetts nonresident estate tax is the proportion of the allowable credit from the federal estate tax return that the gross value of the Massachusetts property bears to the entire federal gross estate wherever situated. This calculation is made as follows:

(Gross value of real property and tangible personal property in Massachusetts (what ever the value of the condo is ?) ÷ Federal gross estate(5 million in your question)) × Credit for state death taxes (currently 1 million)

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