In the year a taxpayer dies, which of the following statements would be true?

Multiple Choice

• Net capital losses would be deductible from capital gains in the year or any preceding year.

• Personal tax credits would be pro-rated based on the number of days from January 1 to the date of death.

• All income received and all income accrued to the date of death would be taxable in the final return.

• The rights or things return could be filed to include property income earned in the year of death.