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- 1041 with no distributions
1041 with no distributions
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jzellman
Level 1
2 weeks ago
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GM
one more day!!
Clients father passed and there was a IRA distribution of about $75k with $14k wittheld. This distribution had the estate EIN on it.
There were no distributions.
Does the Estate pay taxes at the high estate tax return rate or is there some kind of exclusion?
TY
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