@guywong wrote:
Several posts here suggested to have the estate pay the tax due on the $2,900 1099-DIV income. Treas. Reg. §1.662(a)-2 specifically prohibits that as the income was distributed in 2023. But then it could be totally irrelevant.........
Yes, that is, indeed, totally irrelevant given the the length of time the estate was in probate as the fees and expenses incurred are almost certain to exceed the relatively small amount of dividend income.
The best course of action would to be to simply file the 1041 which should wind up with zero tax liability.
