Could they do something like this: It would be simplier to have the estate donate it, but it maybe too late for that. ======================================It works differently for estates, and differently for income tax vs. estate tax.For the estate tax charitable contribution, the charitable bequest has to be specifically authorized in the will or trust document making the disposition. Note that this is considered a bequest of principal, not of income. And an estate doesn't get a charitable contribution for income tax purposes, unless in the rare situation where the will authorizes the executor to make charitable contributions out of the taxable income of the estate.And the problem here is an estate tax problem.Bill
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<