Which of the following is a true statement?
A) An executor can only deduct the costs of administering the decedent's estate on the estate's income tax return.
B) Funeral expenses for the decedent paid by an estate are deductible in computing the adjusted gross estate.
C) An executor can choose to deduct the decedent's funeral expenses on either the estate tax return or the estate's income tax return.
D) Executor's fees paid by an estate are deductible in computing the gross estate.
E) None of the choices are true.
Correct Answer:
Verified
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