- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
If you have the authority to make early distributions, then there should be no issues with allocating according to your plan.
Recall, however, that you would be indicating that the distributions were made in the current tax year (2021), the year in which the property was sold, which is actually not the case.
You should seek local tax counsel so that you are covered from the standpoint of liability as executor, if for no other reason.
‎September 7, 2021
11:58 AM