Estate final return

[0adestate]

"If the decedent is owned money by the "donor", then that would not technically be a gift; it would be a repayment of a debt."

Is it possible to show the repayment of a debt on the estate return?

[Anonymous_]

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@0adestate wrote:

Is it possible to show the repayment of a debt on the estate return?

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Only payment of interest, which would be taxable income, would be shown.

[Anonymous_]

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@0adestate wrote:

Ok, now I feel quite confused.  When I listed the beneficiaries, I also listed the amounts they each received from corpus.  Is that incorrect?

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It really makes no difference since amounts they received from corpus will not appear on their K-1s.