Identify Which of the Following Statements Is True

question 58

Multiple Choice

Identify which of the following statements is true.

• A)Income in respect of a decedent (IRD)is the gross income the decedent earned before death but had not collected before death.
• B)An estate may deduct up to $5,000 of capital losses against the ordinary income taxable in the estate.
• C)An example of income in respect of a decedent (IRD)is the gain recognized on property sold by the estate after the decedent's death.
• D)All of the above are false.

---

Definitions:

External Data Tab

A feature in applications like Microsoft Access, providing tools for importing, linking, or exporting data from/to external sources.

Query Results

The data returned after a query or search is performed in a database or search engine.

HTML Document

A file containing Hypertext Markup Language, the standard language used to create and structure pages on the web.

Mail Merge

A feature in word processing applications that allows users to create a batch of documents that are personalized for each recipient from a single template.