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Author: lorenzo2 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: How to report Estate Income Date: 4/2/2002 4:23 PM
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Dealing with Estate income tax issues is not for the timid. The rules are different from those of personal income taxes. I strongly suggest consulting a tax professional.

Regular readers of this board may perhaps have noted that I generally spurn advice like this and tell people that it ain't that hard, they can do it themselves. Well, most of the time.

This is one case where I agree 110% with irasmilo. Estate tax issues are not for the timid. Hire a pro, if you haven't already. If you have, he should have filed K-1s to cover things like dividend income to beneficiaries. If you try to do all this stuff yourself, you stand a good chance of screwing something up - which could mean getting slapped around pretty good by a probate judge. You don't want that.

Lorenzo
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