At the time of his death in 2008,Murray owed Federal gift tax on a gift he had made in 2003.Murray's estate cannot claim an estate tax deduction for the gift tax it pays.

Name: At the time of his death in 2008,Murray owed Federal gift tax on a gift he had made in 2003.Murray's estate cannot claim an estate tax deduction for the gift tax it pays.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Unpaid taxes that are paid by the estate can be deducted under § 2053 to arrive at a decedent's taxable estate.

At the Time of His Death in 2008,Murray Owed Federal