Mark for follow up Question 22 of 75. In which circumstance may an estate allocate estimated tax payments to a beneficiary? In any year the estate has income. In any year the election is made on Form 1041-T. Estimated tax is never allocated to beneficiaries. Only in the final year of the estate. O Mark for follow up Question 23 of 75. A grantor trust allows the grantor to do all of the following, EXCEPT: O Revoke or modify the trust O Control the disposition of trust property O Distribute current income to the grantor or grantor's spouse. Avoid taxation until the trust is revoked. Mark for follow up Question 24 of 75. Indirect expenses of a trust are: O Nondeductible O Allocated to tax-exempt income. O Allocated to taxable income. Allocated pro rata among all types of income. Mark for follow up Question 25 of 75. At what point is an inter vivos trust considered to be funded? When the grantor: O Dies O Signs the document O Provides for the transfer of property to the trust in their will. Transfers to the trust the title of property to be held in the trust. Mark for follow up Question 26 of 75. The sale of the decedent's personal residence may result in: O A short-term loss A loss that is not allocated to principal, therefore not limited to $3,000