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In a land sale 2017...the said property was included in the
In a land sale 2017...the said property was included in the estate that was settled in 2002. Can the proceeds of the land sale be counted as part of the value of the estate and not taxed if estate was… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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Background: Wife and I were owners of 25% each of four
Background: Wife and I were owners of 25% each of four person partnership that owns one single family residence income property. Wife dies in 2015. Partnership agreement requires three remaining partn… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
Robin, I have a NEW client that I need help with. Married
Hi Robin,I have a NEW client that I need help with.Married couple who resided in FL for 2015 and who had a Revocable Living Trust before the spouse (Trustee) died on 08/10/15. The Revocable Living Tru… read more
Jonathan Tierney
Jonathan Tierney
MBA
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I am preparing Form 1041, U.S. Income Tax Return and Trusts,
I am preparing Form 1041, U.S. Income Tax Return for Estates and Trusts, for my father-in-law's Estate. His wife died in Jan 2015; her minimal assets went to my father-in-law, who died Feb 28, 2015. T… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My Mom passed away the first week of July 2015 in a nursing
My Mom passed away the first week of July 2015 in a nursing home. I am executor of the estate. My sister and I are 50/50 on her Will. The total estate is far below the IRS form 706 requirement or esta… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
Taxpayer died in 2013. No estate distributions. No form 1041
Taxpayer died in 2013. No estate distributions. No form 1041 filed in 2013. No income. In 2014 no distributions. Form 1041 filed. $223 in taxes paid. Now wondering if form 8855 should have been filed?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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I have a client that passed away in on 3/30/10. She resided
I have a client that passed away in on 3/30/10. She resided in NJ. The value of her assets are approximately $1,400,000.00. The breakdown is $600,000.00 stocks and bonds and her main residence $800,00… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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My wife inherited $28,000 from her the sale of her Fathers
My wife inherited $28,000 from her the sale of her Father's home. He passed in January of 2013. Will she have to pay tax on this money? Will she have to fill out any tax forms for it?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
I have tax questions on the sale of my deceased father-in-laws
I have tax questions on the sale of my deceased father-in-law's house and the tax forms I'll need to complete for his estate/trust. Dad had 4 sons and the trust states everything be split 4 ways. The … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
My mother set up a revocable trust for my brother and I, We
My mother set up a revocable trust for my brother and I, We are both listed as Co-Trustees. She passed away and we put her house on the market. It sold. Before the profits are dispursed I have been as… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,008 satisfied customers
My mother established a revocable family trust. She died on
My mother established a revocable family trust. She died on 01/15/2011. She had a little over $1 mill in assets. My brother, sister, and I are the beneficiaries. On July 12, 2011, my brother died and … read more
socrateaser
socrateaser
43,144 satisfied customers
My client died in September of 2010. We requested an extension
My client died in September of 2010. We requested an extension of her tax return. She had a revocable trust, someone else was the trustee and beneficiary. We filed 1040s for her previously and reporte… read more
Lev
Lev
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Bachelor's Degree Equivalent
34,008 satisfied customers
Client died Jan 2009. Had many fund investments that when
Client died Jan 2009. Had many fund investments that when sold by his trustee (Filing Form 1041), there was an $80,000 + capital loss. There are three beneficiaries (sons - wife had pre-deceased him).… read more
RD
RD
Self Employed
Master's Degree
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client died on 11/25/2008 and had a revocable living trust
client died on 11/25/2008 and had a revocable living trust with an EIN. executor (and also beneficiary) elected to receive 2 lump sum distributions from 1099R (1 is a 401K and 1 is an IRA) with trust … read more
Bill
Bill
Master's Degree
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I am in the process of filing a 1041 for my grandmas estate,
I am in the process of filing a 1041 for my grandma's estate, I have never filled out a 1041 before. My grandmother passed away in June 2009. No money was distributed in 2009 and her house was not sol… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
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Mom passed away in 2009 and we sold the house. My brother and
Mom passed away in 2009 and we sold the house. My brother and I split 50/50. The house appraised and sold at 310,000 After real estate fees and costs to maintain and fix up house for sale we lost 39,0… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
2,158 satisfied customers
My father in law (a single man) passed away in May 2008, he
My father in law (a single man) passed away in May 2008, he had a rental property a vacant land and his main home. He had crated a living trust. His wife passed away 10 years ago. The will stated to s… read more
RD
RD
Self Employed
Master's Degree
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How to report HH bond deferred interest after death of owner
1)Mother passed away 1/06 2)She left $70K HH Bonds, no beneficiary/other owner named on bonds 3)Originally purchased as EE & were exchanged in 1990's for HH bonds with deferred interest totaling appro… read more
RD
RD
Self Employed
Master's Degree
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