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American College Exam HS330 Topic 1 Question 27 Discussion
Actual exam question for
American College's
HS330 exam
Question #: 27
Topic #: 1
[All HS330 Questions]
Topic #: 1
Income earned but unpaid at the time of a decedent's death is deemed to be income in respect of a decedent (IRD). Which of the following statements concerning IRD is (are) correct?
l. The income is taxable to the person or entity receiving it.
II. The present value of the income is includible in the decedents gross estate.
Suggested Answer:
C
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