Question 21 of 75. When is income in respect of a decedent (IRD) taxed? On the decedent's final return. In the taxable year the recipient receives the income. In the taxable year after the recipient receives the income. In the taxable year the estate notifies the recipient of the existence of IRD. Mark for follow up Question 22 of 75. A decedent's interest and taxes are deductible on both Forms 706 and 1041 only it: 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 property includable on their final Mark for follow up Question 23 of 75. In 2019. Tarta Hass created a trust for the benefit of his two children, and named the eldest child ally and an adentona 51.000 should be distributed to an endary The trust instrument provided that the income came to the truar should be stributed d.com/Evaluations/EvalLaunch.aspx?loid=8a8nhenBtLeTZPUJ3310 ziper WwwpBJVANG LHBPMN Mark for follow up Question 23 of 75. In 2019, Tariq Hass created a trust for the benefit of his two children, and named the eldest child as the trustee. The trust instrument provided that the income earned from the trust should be distributed annually and an additional $1,000 should be distributed to each beneficiary. What classification best describes this trust? Charitable Complex Grantor Simple Mark for follow up Question 24 of 75. How are carryovers (net operating loss and capital loss) generally treated in the final year of an estate O Carryovers not absorbed in the final year are lost. O Net operating losses must be carried back two years on the final retum. 8/15.20