BobKamman
Level 15
04-29-2022
03:13 PM
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Just assuming someone sold them a living trust because it would allow them to avoid probate. Doesn't really matter, of course, just another for my collection of anecdotes in the forthcoming book, "How To Avoid Living Trusts." Is there a state tax refund anticipated? Were those taxes deducted on a prior return? So wouldn't they have to be reported as income when finally received?