During 2019 an estate generated income of 32000 rental...

During 2019, an estate generated income of $32,000: Rental income$13,000 Interest income 10,000 Dividend income 9,000 The interest income is conveyed immediately to the beneficiary stated in the decedent’s will. The dividends are given to the decedent’s church. What is the taxable income of the estate?

Review the following scenario. Use the information provided to answer questions about the taxpayer's 2021 return. Evonne Williams (32) is filing as a single taxpayer. Evonne was the beneficiary of one of her great-grandmother's traditional IRAs. She passed away during the year, and Evonne took a $2,000 total distribution from the account. She then used the money to pay down her credit card debt. As far as she knows, all of her great-grandmother's contributions to the account were deductible. Evonne's only other income during the year was $44,000 in wages. She will claim the standard deduction. Evonne received the following Form 1099-R reporting the IRA distribution. The form shows a code "4" in box 7, indicating that the distribution is due to death. When Evonne files her 2021 return, how much of the distribution must she include in her total income?

Akash M.

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