Oa) Ob) Oc) Od) At the time of Spider's death, the fair market value of the assets in his RRSP was $100,000. Owing to so

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Oa Ob Oc Od At The Time Of Spider S Death The Fair Market Value Of The Assets In His Rrsp Was 100 000 Owing To So 1 (22.96 KiB) Viewed 81 times

Oa) Ob) Oc) Od) At the time of Spider's death, the fair market value of the assets in his RRSP was $100,000. Owing to some delays in the distribution of the estate, the fair market value of the assets had decreased to $90,000 by the time of their distribution to the beneficiaries. How is the decrease of $10,000 treated for tax purposes? It may be carried back and deducted from the deceased's income in the year of death. It may be carried back and deducted by the beneficiaries in the year of Spider's death. It may be deducted by the beneficiaries upon distribution There is no tax deduction for this loss.