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Q: Federal Estate Tax Return - Form 1041 ( No Answer,   0 Comments )
Question  
Subject: Federal Estate Tax Return - Form 1041
Category: Business and Money > Accounting
Asked by: jrandolph-ga
List Price: $50.00
Posted: 11 Mar 2005 04:22 PST
Expires: 13 Mar 2005 16:02 PST
Question ID: 492393
I know the income from a deceased's property is reported on form 1041
until the property is distributed to the beneficiaries.  Does this
include "transfer on death" property since that property passes
immediately to the beneficiary?  The property was publicly traded
common stocks that were sold 25 days after date of death.  All were in
TOD accounts.  There will be a 1041 for other non TOD accounts and
property.  Is the gain from these stocks reported on the 1041 or the
beneficiaries' 1040?
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