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Estate tax on annuity
I am the executor for my deceased Aunt. I set up an estate bank account and sold the home and all her property. All monies were placed in the bank account. There was also an annuity. I cashed it out, and placed proceeds in the bank account. The Financial company automatically withheld federal income tax. Should I pass the tax owed on annuity to the beneficaries? Can the estate get a refund on taxes paid?"
‎November 6, 2018
9:53 AM