I have a client that closed a 1041 a few years ago. She found some stock that are worth about $5,000.00. Does she need to do a 1041X or can she go ahead a cash them out and put them on her return?
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Have there been any dividends paid the past few years?
Was she the sole beneficiary of the estate or trust? If so, maybe she could claim the stock was distributed to her when the estate/trust closed. The final 1041 wouldn't include that distribution, but I'm not sure I'd worry about it."Taxation is the price we pay for failing to build a civilized society." ~ Mark Skousen
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