Flashcards in Federal estate tax Deck (4)
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Q
The federal estate tax may not be reduced by a credit of
Foreign death taxes.
Credit for estate tax paid on a prior transfer of the same property within ten years of the death of the decedent.
Gift taxes paid on pre-1977 gifts.
State death taxes paid.
A
State death tax
1
Q
The income distribution deductions is..
A
Lessor of
1. Taxable DNI
OR
2. The actual distribution reduced by tax-exempt income.
2
Q
The income distribution deductions is..
A
Lessor of
1. Taxable DNI
OR
2. The actual distribution reduced by tax-exempt income.
3
Q
The income distribution deductions is..
A
Lessor of
1. Taxable DNI
OR
2. The actual distribution reduced by tax-exempt income.
