Identify Which of the Following Statements Is False

question 51

Multiple Choice

Identify which of the following statements is false.

• A)Federal estate taxes related to income in respect of a decedent (IRD)is deductible by the estate in the year the IRD is includible in the estate's gross income.
• B)An example of deductions in respect of a decedent (DRD)are property taxes that accrued prior to the decedent's death but were not paid until after death.
• C)Items of IRD receive a step-up in basis as a result of the decedent's death.
• D)Interest earned but not received before death is IRD.

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Definitions:

AUG

A codon in mRNA that not only codes for the amino acid methionine but also serves as the start signal for protein synthesis.

UAA

One of the three stop codons in the genetic code, signaling the end of protein synthesis during translation.

5' Cap

A modified form of guanine nucleotide added to the 5' end of eukaryotic mRNA, playing a role in mRNA stabilization and initiation of translation.

Poly-A Tail

A sequence of adenine nucleotides added to the 3' end of newly synthesized messenger RNA molecules.