It appears to me that you would need to issue a 1099-NEC to an attorney who handles the estate (and is not just handling a lawsuit settlement). There might well...
You have hit upon one of the most complex areas of the tax system. You would be well advised to seek advice from a CPA, enrolled agent, or tax attorney who is f...
You should consult your estate attorney about this. It is so specialized that you shouldn't rely on random people responding to an Internet post.
That said, fr...
An inheritance (a gift) is not subject to federal income tax. "Gross income does not include the value of property acquired by gift, bequest, devise, or inherit...
@Opus 17,excellent suggestion on tax planning and selling some appreciated securities.
Just to be clear, there is no need to wait 31 days to repurchase sold se...
