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For income tax purposes, all estates A. Must adopt a calendar year regardless of the year the estate was established. B. Must adopt a calendar
For income tax purposes, all estates A. Must adopt a calendar year regardless of the year the estate was established. B. Must adopt a calendar year, except for existing estates with fiscal years that ended in 1987. C. May adopt a calendar year or any fiscal year. D. Must use the same taxable year as that of its principal beneficiary
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