Which of the following statements is false? A. The beneficiary of an estate or trust may be taxed on money required to be distributed whether actually distributed or not. B. Tax-exempt interest distributed to a beneficiary is not taxable to the beneficiary. C. Losses of estates and trusts are generally not deductible by the beneficiaries. D. Money distributed to a beneficiary from an estate is taxed twice-on the estate return and on the beneficiary's return