Thanks for anyone who answered my question regarding 1099s for a probate situation. I am working on the forms now. Just one more question. Just want to be sure I am correct. I am executor of an estate. Atty,Acct is out of town. If the value of an estate should come in over 2 million, would federal taxes be due "only" on the amount over the 2 million. And, does this apply to NYS as well? I am thinking that it might be better in this case to sell some securities low. Thanks again Karen
- posted
16 years ago