Question 18 of 75. A decedent's interest and taxes are deductible on both Forms 706 and 1041 only if: The decedent's will did not provide instructions Either item is a deduction in respect of a decedent (DRD). The items were not allowable on the decedent's final return Both items were received after the decedent's death and were properly includable on their final return. Mark for follow up Question 19 of 75. How are carryovers (net operating loss and capital loss) generally treated in the final year of an estate? Carryovers not absorbed in the final year are lost. Net operating losses must be carried back two years on the final return. O Carryovers pass to the beneficiaries. O Capital losses are allocated to the estate only. Mark for follow up Question 20 of 75. If a trust has income required to be distributed of $11,500, other amounts paid or required to be distributed of $18,000, and tax-exempt interest income of $2,069, then what is the income distribution deduction reported on Schedule B (Form 1041)? O $9.431 O $11,500 O $15,931 $18,000 Mark for follow up to dall bubnot deferriel wages part of 1041 ween paped the via K-1 to upated Benefung Question 21 of 75. Vhen is income in respect of a decedent (IRD) taxed? On the decedent's final return In the taxable year the recipient receives the income. V In the taxable year after the recipient receives the income. In the taxable year the estate notifies the recipient of the existence of IRD