§ 13988.5. Miscellaneous Deductible Expenses of Administration.

Source: https://govt.westlaw.com/calregs/Document/IE81352D24C8311EC89E5000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

Included among ordinary expenses of administration and thus allowable as deductions against the market value of property transferred by decedent are the following:

(a) The cost of the executor's or administrator's bond for every year it remains in force. The maximum for this item is $10 for a bond in the amount of $2,000 or less, and one-half of 1 percent of the amount of any bond in excess of $2,000.

(b) The usual and necessary probate court costs.

(c) The fee and actual and necessary expenses of the inheritance tax referee under Section 609 of the Probate Code.

Note: Reference: Section 13988, Revenue and Taxation Code.