Exam Question 39 of 50 Select the best answer Which of the following is a true statement regarding the taxation of interest and divide tax return? Only interest and dividends not treated as distributed to the beneficiaries sho on page 1 Interest and dividends received in the year of the decedent's death are reporte entirety on the Form 1041 of the estate B. If a trust receives municipal bond interest, it must allocate administrative expe taxable and tax-exempt income