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    Income in respect of a cash basis decedent:

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    Income in respect of a cash basis decedent:

    a) Covers income earned before the taxpayers death but not collected until after death

    b) Receives a stepped-up basis in the decedent's estate

    c) Must be included in the decedent's final income tax return

    d) Cannot receive capital gain treatment

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    Solution Preview

    Explanation for your study question:

    a) covers income earned before the taxpayers death but not collected until after death

    This is correct. The income in respect of a cash ...

    Solution Summary

    This solution provides the correct answer with an explanation to the multiple choice question provided.

    $2.19

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