Joan died April 17, 2021. Joans executor chose March 31 as the tax year end for the
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Joan died April 17, 2021. 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:
The 2021 and 2022 distributions do not exceed DNI. How much income should Kathy report on her 2021 return as a result of the distributions from the estate? On her 2022 return?
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Related Book For
Pearsons Federal Taxation 2023 Comprehensive
ISBN: 9780137840656
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
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