How do state estate or death tax payments affect the estate tax return? a. The...

80.2K

Verified Solution

Question

Accounting

How do state estate or death tax payments affect the estate tax return?

a. The amount of tax paid is excluded from the gross estate.

b. The amount of tax paid is a deduction from the gross estate.

c. The amount paid is a credit against the estate tax.

d. They do not affect the estate tax return.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students