I'm sorry for the loss of your father.
If the amounts are under the federal estate exemption there is no gift tax. However, you should know what this means to ...
If your withdrawals are from an IRA or 401K, then yes, your income is what you withdraw.
Keep in mind there are required minimum distributions (RMD's) for reti...
Estates and trusts can be very complicated. Emotions are high and things can get out of hand when money is involved. I trust (no pun intended) your situation is...
If you overpaid you will get a refund of the over payment or you can apply the over payment to your 2023 taxes to reduce your 2023 estimated payments.
If you r...
Probably. If the adjusted qualifying income (i.e. the income limit at the time of the loan) has not grown more than 5% a year then there is no recapture.
Recap...
