state inheritance tax- confusion

  • Creator
    Topic
  • July 3, 2016 at 2:22 pm #203388
    silentsaber
    Participant

    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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