I am a beneficiary in a will. The family home has been sold and the proceeds have been distributed to four family members. ...
Full Question:
I am a beneficiary in a will. The family home has been sold and the proceeds have been distributed to four family members. I am being asked to give my social security number to the executor and am not on good terms with that individual. I am aware I will have to file taxes on my share of the estate but why would I have to give my social security number now that the estate administration has been completed?
05/17/2007 |
Category: Wills and Es... ยป Probate |
State: California |
#5104
Answer:
If there were a taxable gain on the sale of the house, the executor will have to file a tax return, or at least an informational return, and list the names and social security numbers of the beneficiaries. If you don’t trust the executor, you might consider sending your social security number to the attorney who is handling the probate of the estate.