Which of the following is a true statement regarding the taxation of interest and dividends on a fiduciary income tax return?

Only interest and dividends not treated ad distributed to the beneficiaries should be reported on page 1

Interest and dividends received in the year of the decedent's death are reported in their entirety on the Form 1041 of the estate

If a trust receives municipal bond interest, it must allocate administrative expenses between taxable and tax-exempt income

Brokers are required to issue consolidated Form-1099 to trusts and estates by January 31 rather than the February15 due date for individuals