Michael died in 2013 with a taxable estate and estate tax base of $6,000,000. Michael's estate owed no state death taxes. Michael's estate includes $250,000 of income in respect of a decedent (IRD), none of which is received by his surviving spouse. His estate had no DRD. The estate collects $200,000 of the IRD during its current tax year. The Sec. 691(c) deduction for the estate in current year
is
A) $153,000.
B) $122,400.
C) $90,000.
D) $80,000.
D) $80,000.
Tax on IRD collected will all be taxed at 40% marginal estate tax rate for estates over $5M
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