Estate Taxes


B

Billy

If person dies in 2004, and estate distributions are made in 2007 and 2008,
which year is the estate tax rate applied to?

tks all

bw
 
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H

Herb Smith

If person dies in 2004, �and estate distributions are made in 2007 and 2008,
which year is the estate tax rate applied to?
You seem to be talking about two DIFFERENT taxes here. ESTATE tax, if
applicable, is assessed on the taxable estate - based on the exemption
and tax rates in effect in the year of death.

Estate INCOME tax is assessed on the taxable portion of each
distribution (the income) distributed in 2007 or 2008. Use the
appropriate tax rates in effect in each year.
 

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