Thanks for your reply.
Basically what the other accountant was saying is that since (as in my example) $100k was the FMV as determined from the outside firm and that amount was included in the TOTAL estate that any amounts earned after death up to $100k should not be taxable. IE: The future royalties were already estimated and accounted for in the estate tax. In this way, we were in theory already paying for future earnings in the estate taxes.
Thanks so much for your info..... Seems like it's a complicated issue.
