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Get your taxes done using TurboTax
No. If the estate tax was paid from funds that were part of the estate before distribution of the assets, then there would be no income to the beneficiary for this payment. Likewise there is no tax to the beneficiary on the assets distributed to you from the estate. Later, when and if any assets are sold, there would be taxable gain or loss.
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‎January 18, 2025
10:50 AM