BOBOT
Recycles dryer sheets
- Joined
- Aug 17, 2006
- Messages
- 478
DW has gotten partial distribution from her grandmother's estate (gran passed in 2009 but there have been complications). We have been told by the executor that we will have to file form K1 and pay tax on some of the earnings the estate had in TY2010.
I don't understand why we have to pay tax on undistributed portion of the estate. Anyone have a similar experience or tax expertise?
Yeah, I know- nice problem to have.
Thanks==
I don't understand why we have to pay tax on undistributed portion of the estate. Anyone have a similar experience or tax expertise?
Yeah, I know- nice problem to have.
Thanks==