Question: Joan died April 17, 2015. Joan's executor chose March 31 as the tax year end for the estate. The estate's only beneficiary, Kathy, reports on
Joan died April 17, 2015. Joan's executor chose March 31 as the tax year end for the estate. The estate's only beneficiary, Kathy, reports on a calendar year. The executor of Joan's estate makes the following distributions to Kathy:
June 2015.................................. $ 5,000
August 2015............................... 10,000
March 2016................................ 12,000
August 2016............................... 14,000
The 2015 and 2016 distributions do not exceed DNI. How much income should Kathy report on her 2015 return as a result of the distributions from the estate? On her 2016 return?
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