Yes, I should have started this a while back.Grandma died with a will in place. Had about $40K in three mutual funds. Still waiting for a couple of numbers, but looks as though the gain is about $300. Since this is below the $600, do I just not file? Or do I file to show that the $40K that was taken out by the administrator (my brother) is mostly her contributions (since what the mutual fund reports to the IRS is just the redemption of the funds)?If I file to show the latter, when I get down to the Skip persons check box, I have to check "yes"--$5000 went to each of eight great-grandkids. So then do I have to do Form 706?ThanksKathleen
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. Earnings Estimates, Analyst Ra