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So anything in the family trust that were monies from my father's Social Security, military pension and state pension would be taxable but the sale of his mobile home is not when the final distribution occurs. Am I understanding correctly. And is this both true for federal and state.
Right after his death he had a checking account and money market account. Is this the taxable part.
Then we sold his car and mobile home. Is the amount for the car taxable. I believe I understand about the sale of the mobile home.
Sorry, I know nothing about these things. Would my bank be also helpful in answering this questions. Thank you very much.