Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) An estate may deduct up to $5,000 of capital losses against the ordinary income taxable in the estate.
B) An example of income in respect of a decedent (IRD) is the gain recognized on property sold by the estate after the decedent's death.
C) Income in respect of a decedent (IRD) is the gross income the decedent earned before death but had not collected before death.
D) All of the above are false.