American College Exam HS330 Topic 1 Question 110 Discussion

Actual exam question for American College's HS330 exam

Question #: 110
Topic #: 1

Items that are deductions from a decedent's gross estate in determining his adjusted gross estate include which of the following?

1. Foreign death taxes

2. State death taxes

Al only

BII only

CBoth l and II

DNeither I nor II

Show Suggested Answer

Suggested Answer: D

by Clarence at Apr 06, 2025, 03:35 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

7 days ago

Wait, isn't the gross estate just the total value of the decedent's assets? How do taxes come into play here? I'm a bit confused.

upvoted 0 times

...

8 days ago

I'm not sure, but I think the answer might be D) Neither I nor II.

upvoted 0 times

...

8 days ago

Hmm, I'm pretty sure both foreign and state death taxes are deductions from the gross estate. This one seems straightforward.

upvoted 0 times

...

14 days ago

I agree with Jess, because both foreign and state death taxes are deductions from the decedent's gross estate.

upvoted 0 times

...

17 days ago

I think the answer is C) Both l and II.

upvoted 0 times

...