Chapter 11; Subchapter A; Part IV - Taxable Estate Flashcards

1
Q

Part IV - Taxable Estate

A

2051-2058

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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

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3
Q

Definition of Taxable Estate

A

2051

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4
Q

Losses

A

2054

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4
Q

Transfers for Public, Charitable, and Religious Uses

A

2055

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5
Q

Bequests, Etc. to Surviving Spouse

A

2056

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6
Q

Qualified Domestic Trust

A

2056A

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7
Q

State Death Taxes

A

2058

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