In determining what is income to a trust, federal laws always take precedence over laws of the state in which the trust is created.
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Q9: For a normal tax year (not a
Q10: A joint income tax return which includes
Q11: The executor of an estate can decide
Q12: It is possible for one person to
Q13: No personal exemption is allowed on the
Q15: All estates must file a Form 1041
Q16: The basis of trust assets would usually
Q17: The decedent's medical expenses paid by the
Q18: The decedent's final income tax return is
Q19: The estate's first income tax return must
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