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Get your taxes done using TurboTax
See https://www.law.cornell.edu/cfr/text/26/1.641%28b%29-3
An estate will be considered as terminated when all the assets have been distributed except for a reasonable amount which is set aside in good faith for the payment of unascertained or contingent liabilities and expenses.
Note that the period of administration of an estate cannot be unduly prolonged.
‎July 31, 2022
1:34 PM
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