Chapter 11; Subchapter A; Part IV - Taxable Estate Flashcards
1
Q
Part IV - Taxable Estate
A
2051-2058
2
Q
Expenses, Indebtedness, and Taxes
A
2053
(a) Deductions allowed for (1) Funeral Expenses, (2) Administration Expenses, (3) Claims Against the Estate [Includes Contracts], and (4) unpaid mortgages and indebtedness when the decedent’s interest therein is included in the estate.
(c) Claims and debts against estate limited to bona fide agreements for adequate consideration
3
Q
Definition of Taxable Estate
A
2051
4
Q
Losses
A
2054
4
Q
Transfers for Public, Charitable, and Religious Uses
A
2055
5
Q
Bequests, Etc. to Surviving Spouse
A
2056
6
Q
Qualified Domestic Trust
A
2056A
7
Q
State Death Taxes
A
2058