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Financial Planning / Tax Strategies
|Subject: Re: Income in Respect of a Decedent||Date: 10/13/2013 5:13 PM|
|Author: TMFPMarti||Number: 119300 of 124470|
I have not been able to find a very simple explanation of IRD....
Bill gave you lots of good information, but here's my simple explanation.
It's an issue only if the estate paid estate tax (highly unlikely, but not totally unheard of nowadays). If it did, you need to be talking to the executor.
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