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Deceased Final Tax Return

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    Deceased Final Tax Return

    The deceased client has a $27614 taxable income liability. But her tax is only $603 on her Form 1040? Why is the tax much lower than usual for this client?

    #2
    Originally posted by Thad View Post
    The deceased client has a $27614 taxable income liability. But her tax is only $603 on her Form 1040? Why is the tax much lower than usual for this client?
    Capital gains perhaps????????????????

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      #3
      There is a substantial zero percent tax bracket for Capital Gains, as the other post indicted.

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