Thomas died on August 15 of the current year. On September 2, his estate received a check

Question:

Thomas died on August 15 of the current year. On September 2, his estate received a check for $2,000 from Thomas's former employer for his final pay period. On September 18, Thomas's estate received a $70,000 from his employer's retirement plan. Both Thomas and the estate are cash-basis, calendar-year taxpayers. How much income must the estate report as a result of receiving these items?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...