Question 1

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-Casualty loss to property already distributed to an heir.

Accepted Answer

The answer of Classify each statement appropriately.
a.Deductible from the gross...

Question 2

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-Casualty loss to property before the death of the owner.

Accepted Answer

Casualty losses to property before the death of the owner are not deductible from the gross estate in arriving at the taxable estate. These losses are considered personal losses and do not affect the valuation of the estate for tax purposes.

Question 3

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-Casualty loss to property after the death of the owner.

Accepted Answer

The answer of Classify each statement appropriately.
a.Deductible from the gross...

Question 4

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-Administration expenses attributable to handling the surviving spouse's share of the community property.

Accepted Answer

The answer of Classify each statement appropriately.
a.Deductible from the gross...

Question 5

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-State income taxes accrued prior to death.

Accepted Answer

The answer of Classify each statement appropriately.
a.Deductible from the gross...

Question 6

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-Payment of unpaid gift taxes.

Accepted Answer

The answer of Classify each statement appropriately.
a.Deductible from the gross...

Question 7

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-Payment by the estate of church pledge made by decedent prior to death.

Accepted Answer

The answer of Classify each statement appropriately.
a.Deductible from the gross...

Question 8

Classify each statement appropriately.
a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate.
-Transportation cost for decedent and surviving son to site of burial.

Accepted Answer

The answer of Classify each statement appropriately.
a.Deductible from the gross...

Quiz 27: Family Tax Planning

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -Casualty loss to property already distributed to an heir.

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -Casualty loss to property before the death of the owner.

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -Casualty loss to property after the death of the owner.

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -Administration expenses attributable to handling the surviving spouse's share of the community property.

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -State income taxes accrued prior to death.

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -Payment of unpaid gift taxes.

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -Payment by the estate of church pledge made by decedent prior to death.

Classify each statement appropriately. a.Deductible from the gross estate in arriving at the taxable estate.b.Not deductible from the gross estate in arriving at the taxable estate. -Transportation cost for decedent and surviving son to site of burial.