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Financial Planning / Tax Strategies


Subject:  Re: inheritance of house - sale Date:  1/13/2013  11:41 AM
Author:  vkg Number:  117363 of 127753

If the executor elected not distribute anything to the beneficiary, any income would be taxed at the Estate level. In years when distributions occur, the income is distribtued to the beneficary to the extent that cash/property was received and taxed at the beneficiary level.


Your explanation is a better reason.
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