Question

In: Accounting

How do state estate tax payment or state death tax payment affect the estate tax return...

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

Solutions

Expert Solution

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


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