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taf107
New Member

What does pay out the proceeds mean on form 1310?

0n form 1310 there is a question. will the person receiving the refund pay out the proceeds? what does this mean? what are the proceeds?
2 Replies
Carl
Level 15

What does pay out the proceeds mean on form 1310?

Replace the word "proceeds" with the word "refund" and see if that helps you comprehend it easier.
Anonymous
Not applicable

What does pay out the proceeds mean on form 1310?

if you are the person entitled to receive and keep the refund, the answer is no.  if an exceutor, trustee or someone  else signing the return but who  is not entitled to keep the refund the answer is yes unless you keep the refund you're not entitled to.  

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