Business, 17.04.2020 22:29 mommyp1973

Johnny died 8 months ago. His executor is finalizing Johnny’s estate tax return. The executor has determined that Johnny’s gross estate includes $400,000 of real estate, $750,000 of cash and cash equivalents, and $300,000 of qualified retirement plans. The total gross estate is $1,450,000. As the executor reviews the deductions, which of the following will he deduct from the total gross estate to arrive at the adjusted gross estate on his Form 706?

a. Income in Respect of Decedent (IRD).
b. Unlimited charitable deduction.
c. Unlimited marital deduction.
d. Executor's fee.

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