43. Which of the following statements, if any, relates to the tax treatment of both estates and trusts?

a.The termination date of the entity is specified in the controlling document.

b.The entity is required to distribute all of its income currently to its beneficiaries.

c.In the year of its termination, the entity's net operating loss carryovers are passed through to its beneficiaries.

d.The entity must use the same tax year as its creator (i.e., grantor, decedent).