Rick Merrill wrote:

- quote -

"The heck" what are?

It would help if you quote what you're objecting to.
...... to which you are objecting......

IOW, what are "they"?

ChEAr$,
Harlan Lunsford, EA n LA

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"Bob K" <rkay48[at]notthis_yahoo.com> wrote:

- quote -

Keep in mind that the estate received a new income tax basis
in all of the assets when your father passed away. You need
to keep that step up in mind when determining whether any
portion of the proceeds are subject to income tax.

Jon Gallo
Greenberg Glusker Fields Claman Machtinger &Kinsella LLP Los Angeles

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...

The heck they are!

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"Bob K"
<rkay48[at]notthis_yahoo.com> wrote:

- quote -

Since this sale took place after your father's death, it would be reported
on the Form 1041 for the estate. It would not be reported on the estate tax
return Form 706, which is for the taxable estate at his death (due August or
September of 2004 - 9 months after date of death, unless extended).

--
Tom Healy, CPA
Boulder, CO
Web: http://www.tomhealycpa.com

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Father passed away late 2003.
June 2004 I received ~6000 pay out from sale of some stock
he owned (in private company) made out to his name and SS
number. As personal representative, I deposited in a bank
account I opened for the estate (with estate EIN).

If I receive a 1099 for this (not yet clear to me if I will
or not...), it would carry my father's SS#. I assume I must
report this as income for the estate, so how do I do this?

Do I need to file a return for my father to report the
income and then somehow distribute it to the estate? Or do
I report this on the estate tax return (due April this
year), along with other income for the estate?

Thanks.

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