Chris T. asked
I have an estate of a decedent who had savings bonds cashed. The only beneficiary is a church, and we are in the second year of the estate. Does this income pay income taxes or should I distribute it to the beneficiary even though it was distributed in the second year? I am filing the first year estate tax now, and the second year will follow shortly.
August 15th, 2024
Brian H. answered
If the savings bonds were cashed by the estate, you have two options: either have the estate pay the...
August 15th, 2024
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