With respect to a selling expense incurred by an estate in disposing of the decedent's property,a deduction can be claimed on the Form 706 only if the executor waives the corresponding deduction in computing the estate's Federal income tax.
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Q8: Trusts are created exclusively to reduce tax
Q9: Trusts typically use a calendar tax year.
Q10: An estate's beneficiary generally must wait until
Q11: The decedent's estate must terminate by the
Q12: Like a partnership,the fiduciary is a tax-reporting,but
Q14: Distribution of an appreciated asset triggers immediate
Q15: A trust might be used by a
Q16: If provided for in the trust agreement,a
Q17: Estates and trusts can claim deductions for
Q18: Generally,capital gains are allocated to fiduciary corpus,because
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