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capital gain of a decedent

 
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firenze5943



Joined: 04 Feb 2008
Posts: 10
PostPosted: Sun Feb 17, 2008 10:06 pm    Post subject: capital gain of a decedent Reply with quote
I am filling out the '07 1040 for someone who passed away last Sept.
Decedent owned a mutual fund which paid a
capital gain in December. Does this capital gain get prorated , or is
the estate responsible for paying taxes on the
entire amount? Thanks L

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