Linda M
Level 2
12-18-2020
05:07 PM
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Thank you for your reply.
The only money in the estate was $38,000 from the 1099-R. The executor paid $6,000 of the decedents credit card bills, leaving $32,000 in the estate account. I entered $38,000 on line 8 of the 1041 (Other Income) which was the gross amount. Should I have entered $32,000 instead?