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Which of the following is(are) deductible on the fiduciary income tax return for a decedent’s estate?
I. Expenses of administering and settling the estate.
II. State inheritance or estate tax.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
for ninja mcq the answer is C for wiley Cpaexcel its A so is inheritance and estate tax deductible or not?
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