100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
HRB Quiz Material Exam Questions And Answers 100% Pass $10.49   Add to cart

Exam (elaborations)

HRB Quiz Material Exam Questions And Answers 100% Pass

 3 views  0 purchase
  • Course
  • HRB
  • Institution
  • HRB

HRB Quiz Material Exam Questions And Answers 100% Pass Anissa is the sole beneficiary of her father's estate. The estate was closed 10 months after her father's death. The executor is filing one (first and final) Form 1041. After all expenses of the estate were paid, the amounts below were paid...

[Show more]

Preview 1 out of 3  pages

  • October 28, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HRB
  • HRB
avatar-seller
Brightstars
©BRIGHTSTARS EXAM SOLUTIONS
10/21/2024 9:24 PM


HRB Quiz Material Exam Questions And
Answers 100% Pass



Anissa is the sole beneficiary of her father's estate. The estate was closed 10 months after her
father's death. The executor is filing one (first and final) Form 1041. After all expenses of the
estate were paid, the amounts below were paid to Anissa: - Cash $12,000 - IRA distribution (no
basis) $300,000 - Wages paid after death $6,000 - Stock $75,000 - Life Insurance $150,000 How
much, if any, of the payment is reported on Anissa's Form 1040 income tax return:


- Cash $12,000


- IRA distribution (no basis) $300,000


- Wages paid after death $6,000


- Stock $75,000


- Life Insurance $150,000 - answer✔How much, if any, of the payment is reported on Anissa's
Form 1040 income tax return:


$306,000.00 (IRA distribution and Wages)
In 2011, Ed, who is single and age 67, fully supports his 90-year-old mother and claims a
dependency exemption for her. He can claim a standard deduction of: - answer✔$9,950.00

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart