Correct. The estate gets a deduction for the distributed/distributable amounts.BillThank you very much.I've also seen different information on what percentage we (the heirs) will pay on the profit. One source said 15% if the taxpayer's income was $35k or less and 25% if it was higher. And other sources said other things.Do you know? I've been trying to get the executor to find out, but he's in no hurry. He's one of the heirs.Karen
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