Following the death of Clara's husband, the executor of his estate made the following payments:
1. Medical expenses of the deceased paid within six months of the date of death and not claimed in the deceased's final income tax return
2. Funeral expenses of the deceased
3. State inheritance taxes
4. Qualified charitable contributions as a bequest dictated by the Will of the deceased
Which of these expenses would generally be allowable as deductions in determining the taxable estate in the Federal Estate Income Tax Return (Form 706)?
Correct Answer:
1. 2 and 4 only
Explanation:
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