sjrcpa
Level 15
05-03-2021
04:31 PM
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If that's correct, the distribution went to the estate. Then the estate distributed it. So a 1041 is needed. Hopefully receipt and distribution occurred in same year.
706 is only needed when the value of the estate exceeded $10 million as indexed as of the date of death. And it would be late.
The more I know the more I don’t know.