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Get your taxes done using TurboTax
If there was no beneficiary listed and the estate got the distribution then either it can pay taxes at a very high estate rate or pass it thru to the beneficiaries to be taxed at their lower tax rate. If the issuer withheld taxes then they are put on the estate return to be used or refunded ... this cannot be passed thru. Seek local professional assistance if you are unsure how to properly file a form 1041.
‎September 9, 2022
1:58 PM
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