It must therefore go into estate. Executor can distribute it all to beneficiary as ordinary income, in order to avoid high estate tax rates, also pay executor fee, & accountant fee before year is finished. Is this correct? Anything else to save on taxes?
Before fiscal year is finished. If death was after 2/1/21, consider a January fiscal year so K-1 income is pushed into 2022, if that helps beneficiaries.
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