I understand that an estate must file a return if it has gross income of at least $600. What constitutes income? My dad passed away last year, and his investment accounts increased in market value more than $600 before they were distributed to the beneficiaries (but dividends and interest did not reach $600). When the accounts were distributed, they were transferred in-kind. So nothing was actually cashed out. Does the increase in value constitute 'income?' Also, if his house increased in value from when he passed away until the time we sold it, does that appreciated value count as well? I just want to make sure the estate filing is actually required. Thank you!
