BobKamman
Level 15
09-15-2025
02:51 PM
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Shouldn't make any difference in a community-property state, there's no revocable trust involved here. Was the $30,000 income from dividends and interest, or was it from capital gains for which the broker didn't use stepped-up basis?
And I don't see anything indicating the account was not closed in 2024. Was this income earned before they got around to transferring it to the widow?