Executor taxation: estate income is taxed in the executor's hands, with separate assessments and legatee allocation. Income of a deceased person's estate is taxable in the hands of the executor, treated as an individual if single or as an association of persons if multiple. The executor's residency follows the deceased's prior-year residence. Assessments under this section are separate from the executor's personal assessment and are made for each completed previous year or part from death to complete distribution. Estate income distributed to a specific legatee in a previous year is excluded from the estate's computation and included in that legatee's total income. 'Executor' includes administrators.