Ross, a calendar-year, cash-basis taxpayer who died in June 2015, was entitled to receive a $10,000 accounting fee that had not been collected before the date of death. The executor of Ross' estate collected the full $10,000 in July 2015. This $10,000 should appear in
a. Only the decedent's final individual income tax return.
b. Only the estate's fiduciary income tax return.
c. Only the estate tax return.
d. Both the fiduciary income tax return and the estate tax return.
Answer: D
Tax
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- Income in respect of a cash-basis decedent
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