- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Is the estate responsible for 2024 taxes own monetary gains that haven't been transferred at the time of his death?
Either the estate is responsible or you can pass the gains along to the benes, if allowed by the will.
As far as the charitable distribution, there's no deduction for that unless the contribution comes from the income of the estate OR if you have to file a 706. For love or money, get a lawyer for this. The legal fees can be paid out of the estate's assets and you have an obligation to seek assistance from a professional if it is warranted by the circumstances......And IT IS here!
‎August 9, 2024
11:31 AM