Answer the following statements true (T) or false (F)
1. Administrative expenses are not deductible on the estate's income tax return.
2. A terminable interest is one that ceases upon the passage of time or the occurrence of some event.
3. An executor may elect to postpone payment of the estate tax attributable to a remainder or reversionary interest until 6 months after the interests of the other person(s) terminate.
4. The estate tax return is due, ignoring extensions, 3-1/2 months after the decedent's date of death.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
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