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The IRS Allows Certain Expenses and Liabilities to Be Deductible

Question 39

Multiple Choice

The IRS allows certain expenses and liabilities to be deductible from the gross estate. Which of the following expenses is not allowed to be deducted?


A) Funeral expenses
B) Mortgage and other indebtedness
C) QTIP trust
D) Claims against the estate
E) Life insurance premium

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