which statement concerning a decedent\'s medical expenses is correct\" A) Expens
ID: 2601479 • Letter: W
Question
which statement concerning a decedent's medical expenses is correct"
A) Expenses claimed on an estate tax return are deductible only to the extent they exceed 10% ofthe adjusted gross estate.
B) The executor must choose the deduct such expenses on either the estate tax return or the decedent's final income tax return. C) If medical expenses are claimed as a deduction on an income tax return, amounts above 10% of adjusted gross income can be claimed on the estate tax return. D) Medical expenses are deductible on both the individual income tax return and the estate return.
Explanation / Answer
Answer : True statement : B) The executor must choose the deduct such expenses on either the estate tax return or the decedent's final income tax return.
=> To claim the medical expenses on the decedent's final tax return, the executor must attach a waiver with the decedent's retrun form indicating that the expenses will not be claimed as a deduction on the decedent's estate tax return.
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