Identify Which of the Following Statements Is False

question 82

Multiple Choice

Identify which of the following statements is false.

• A)A trust receives no standard deduction when computing taxable income.
• B)Trust tax preparation fees are miscellaneous itemized deductions and subject to the 2% nondeductible floor.
• C)There is no limit on a fiduciary's charitable contribution deduction if such a contribution is authorized in the trust instrument.
• D)All of the above are false.

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Definitions:

Unnecessary

Something not needed or deemed superfluous in a given context or situation.

Wanton Pain

The infliction of severe discomfort or pain on someone intentionally and without regard for their well-being.

Suffering

The experience of physical, emotional, or psychological pain and distress, often as a result of adverse circumstances or conditions.

Massachusetts

A state in the northeastern United States, known for its significant historical, academic, and technological influence.