The Stratford Estate incurs a $25,000 legal fee in disposing of the decedent's real property. The executor can decide to claim a $5,000 deduction against the Federal estate tax and a $20,000 deduction on the estate’s income tax return.
Answer the following statement true (T) or false (F)
True
Rationale: Administrative expenses can be allocated between the returns as the executor directs but not both for the same amount with the deduction going by default to the Form 706.
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