troutnut1
Recycles dryer sheets
I am the executor on an estate from a while back that I have left open because of the probability of undiscovered assets. I just received a 1099 from a mutual fund for $2400 in long term capital gains. There is no other income for this estate in 2022. I think the LTCG tax rate is $0 up to $2800. So do I need to file an estate return for this resulting in zero tax liability or can I just ignore it as long as nothing else shows up in the way of income?
If it matters, the state was Utah.
Thanks in advance for any help on this. I am so grateful to have this place to help in situations like this.
If it matters, the state was Utah.
Thanks in advance for any help on this. I am so grateful to have this place to help in situations like this.
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