Hi Opus 17,
You did answer my other questions (e.g. Turbo Tax Business version I need). Sorry for not reading your emails sequentially unintentionally though.
(1) And I am no Elvis Presley or Michael Jackson. So, once custodian retitles my share of investment, retirement and bank accounts to my beneficiaries, I have no money left. So I would have estate tax return filed only once and I am done I think.
(2) When you said "your estate files an estate tax return", who is that person? My Will executor? In this case it will be my daughter who is my beneficiary too.
(3) If my last RMD withdraw after my death will be reported on estate tax return, that RMD is added to the estate. As long as my estate doesn't reach estate tax exclusion, that RMD doesn't incur tax consequence. A bit loophole here, isn't it? In other words, no tax paid on that last RMD for this case.
Look forward to hearing your wisdom soon. Thanks.
