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Get your taxes done using TurboTax
Thank you for your reply. Unfortunately, I have tried to consult with attorneys, but no one was willing to take my case so close to the end of tax season. Every response I got was that they were too busy. The feeling that I got was that my questions weren't important enough for their time.
My parents' assets were placed in a trust to keep them out of probate. In the joint living trust, everything went to my mother, so no estate taxes were due. Also, their assets are well below the estate tax threshold.
My question is whether or not I have to file an estate income tax return with Californiaregarding the cancelled credit card debt. If so, can I file Form 982 to show insolvency like for the federal 1041?
Thank you.
‎April 15, 2022
10:06 AM