real estate taxes may be deductible on the estate tax return to the extent that they
real estate taxes may be deductible on the estate tax return to the extent that they
Homework Answers
- Real estate taxes may be deductible on the estate tax return to the extent that they accrue before the time of death of descendant.
- Property taxes are not deducted until they accrue before the death of descendant. They are not deducted if accrued in an accounting language.
- Property taxes must be enforceable obligation of the descendant at the time of his death for deduction.
- Deduction is given in the year in which it is actually paid in real estate taxes.
- Real estate taxes will not be allowed as deduction in the descendant's final return as the descendant didn't pay tax till he was alive.
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taxes may be deductible on the estate tax return to the extent that
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