Thank you. Regarding the third bullet:
- Federal estate tax on income in respect of a decedent.
A few questions:
1) My understanding that income in respect of a decedent (IRD), is income the decedent is expected to receive in the calendar year they pass, correct?
2) With an exception that if they are expected to receive an IRA distribution and pass before April 15th, and no IRA distribution is made, then there is no IRD, correct?
3) Social Security and surviving spouse company pension are also not considered IRD, correct?
