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Which of the following is true regarding a deduction for depreciation by an estate? A . It is allocated between the trust and beneficiaries based
Which of the following is true regarding a deduction for depreciation by an estate?
A It is allocated between the trust and beneficiaries based on the income allocated to each.
B It is allocated entirely to the estate for tax purposes.
C It is allocated entirely to the beneficiaries for tax purposes.
D It maybe allocated to income beneficiaries only if the executor maintains a reserve for
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