At the time of his death in 2013, Leroy owed Federal income taxes on income earned in 2011. Leroy's estate can claim an estate tax deduction for the income tax it pays.

Question

Quizplus · Accepted Answer

This is true. When an estate pays income taxes on income earned by the deceased individual prior to their death, the estate may claim a deduction on the estate tax return for the amount of income tax paid. This helps to reduce the taxable estate and the overall estate tax liability.

At the Time of His Death in 2013, Leroy Owed