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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Do you mean the estate tax exemption?  The year of death of the
relevant time.  Estate tax returns are supposed to be filed within nine
months of the date of death.  The date of distrubution is largely
irrelevant.

Stu

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<< The foregoing was not intended or written to be used,   >>
<< nor can it used, for the purpose of avoiding penalties  >>
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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

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used,   >>
<< nor can it used, for the purpose of avoiding penalties  >>
<< that may be imposed upon the taxpayer.                  >>
<<                                                         >>
<<   The Charter and the Guidelines for submitting posts   >>
<<  to this newsgroup as well as our anti-spamming policy  >>
<<                  are at www.asktax.org.                 >>
<<         Copyright (2007) - All rights reserved.         >>
<< ------------------------------------------------------- >>

On May 18, 12:43�pm, "Billy" <billnospamever1234...@aol.com> wrote:

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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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used,   >>
<< nor can it used, for the purpose of avoiding penalties  >>
<< that may be imposed upon the taxpayer.                  >>
<<                                                         >>
<<   The Charter and the Guidelines for submitting posts   >>
<<  to this newsgroup as well as our anti-spamming policy  >>
<<                  are at www.asktax.org.                 >>
<<         Copyright (2007) - All rights reserved.         >>
<< ------------------------------------------------------- >>