CRD 3 yr income pick up, dies in 2021
What happens when a taxpayer does a CRD, with a three year income pick up, and then dies in 2021.
Does the estate pick up the income for 2022?
thanks
What happens when a taxpayer does a CRD, with a three year income pick up, and then dies in 2021.
Does the estate pick up the income for 2022?
thanks
Permalink Submitted by Alan - IRA critic on Fri, 2020-05-22 15:23
No. The remaining unreported income must be reported on the decedent’s final tax return for the year of death (2021). Those taxes would then be paid from estate funds or by surviving spouse, if any.