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Which of the following is a true statement? Executor's fees paid by an estate are deductible in computing the gross estate. An executor can only
Which of the following is a true statement?
- Executor's fees paid by an estate are deductible in computing the gross estate.
- An executor can only deduct the costs of administering the decedent's estate on the estate's income tax return.
- An executor can choose to deduct the decedent's funeral expenses on either the estate tax return or the estate's income tax return.
- Funeral expenses for the decedent paid by an estate are deductible in computing the adjusted gross estate.
- None of these is true.
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