Income in respect of decedent
Please provide how you obtain the answers.
2. For each of the following independent situations, indicate whether Income (Deduction) in Respect to a Decedent would result. Provide a brief (one sentence) explanation why or why not.
a. Included in Decedent’s taxable estate was an IRA (fully deductible, zero-basis traditional IRA) with date of death value of $500,000.
b. After the date of death, the estate received three checks from Decedent’s former employer.
a. Decedent’s final paycheck, which had not been received prior to death;
b. A check for unused sick leave accrued by decedent prior to death; and
c. A check for accrued vacation time.
c. Included in Decedent’s taxable estate was a brokerage account at E-Trade Securities (non-retirement account) with a date of death value of $750,000.