In: Accounting
How do state estate tax payment or state death tax payment affect the estate tax return
The amount of tax paid is excluded from the gross estate
The amount of tax paid is a deduction from the gross estate
The amount paid is a credit against the estate tax
They do not effect the estate tax return
Option D is correct, they do not effect the estate tax retudn.
Estate tax is calculated and then tax is paid which do not effect the return