Amount receivable by the estate of the deceased, his executor or administrator as a beneficiary under policy taken by the decedent upon his own life is: * excluded from gross income. part of gross income whether the beneficiary is revocable or irrevocable. part of gross income if the beneficiary is irrevocable. none of the above
Amount receivable by the estate of the deceased, his executor or administrator as a beneficiary under policy taken by the decedent upon his own life is: * excluded from gross income. part of gross income whether the beneficiary is revocable or irrevocable. part of gross income if the beneficiary is irrevocable. none of the above
Chapter10: Probate Courts And Uniform Laws
Section: Chapter Questions
Problem 7RQ
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Amount receivable by the estate of the deceased, his executor or administrator as a beneficiary under policy taken by the decedent upon his own life is: *
- excluded from gross income.
- part of gross income whether the beneficiary is revocable or irrevocable.
- part of gross income if the beneficiary is irrevocable.
- none of the above
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