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Which of the following statements is incorrect? a. The section 645, IRC election allows a qualified recovable trust to choose a fiscal income tax year.
Which of the following statements is incorrect?
a. The section 645, IRC election allows a qualified recovable trust to choose a fiscal income tax year.
b. The section 645 election is not available if there is a charitable trust beneficiary.
c. The section 645 election is available in the absence of an estate provided a qualified revocable trust exists.
d. The section 645 election is available to estates and trusts.
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