The Bard Estate incurs a $25,000 fee in disposing of the real property of the decedent. The deduction is claimed against the Federal estate tax, unless by election it is claimed on the estate's income tax return.

Question

Quizplus · Accepted Answer

The statement is true. The $25,000 fee for disposing of the real property of the decedent can be deducted from the Federal estate tax. However, the estate can also elect to claim the deduction on its income tax return instead.

The Bard Estate Incurs a $25,000 Fee in Disposing of the Real