Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,761,367,037 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Income in respect of a decedent

    0.04 sec.

Income in respect of a decedent. Any income your beneficiary receives after your death that would have gone to you if you were still alive is described as income in respect of a decedent.

One example is the income your beneficiary gets as a minimum required distribution from your 401(k) or IRA. In this case, your beneficiary pays tax on that income at his or her ordinary rate, as you would have.



How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
No references found
 
The NUA is considered income in respect of a decedent.
If the seller dies prior to the maturity of the note, the seller's estate must recognize the remaining deferred capital gain on the estate's initial fiduciary income tax return as income in respect of a decedent.
Reflecting changes made by the IRS Restructuring and Reform Act of 1998, it covers such topics as valuation elections, stock redemptions, disclaimers, planning the final return, marital deduction, expenses and income in respect of a decedent and miscellaneous postmortem tax considerations.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.