Exam Question 5 of 50 Select the best answer. Which of the following is true of property taxes? O A. Property taxes are not deductible by the trust or estate if imposed on personal property O B. Property taxes are deducted in computing the trust or estate's adjusted gross income Property taxes may only be deducted on personal property if the tax is an ad valorem tax (that is, a tax based on the value of the property) Property taxes paid after the date of the decedent's death but accrued at that time be deducted on the Form 1041 unless the estate agrees not to deduct them on the Form 706 Submit Answers