Are stocks transferred to the heirs considered a distribution that should be reported on the estate taxes and K-1?
Yes, the distribution of stock to heirs of an estate should be reported on the tax return and the beneficiaries K-1s. The same for sales of assets, and the corresponding distribution of cash - both events should be reported.
Are stocks transferred to the heirs considered a distribution that should be reported on the estate taxes and K-1?
Yes, the distribution of stock to heirs of an estate should be reported on the tax return and the beneficiaries K-1s. The same for sales of assets, and the corresponding distribution of cash - both events should be reported.
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