h. In mid-September, the decedent’s personal residence was sold for $162,000, net of brokerage and closing costs totaling $15,000. The outstanding mortgage and accrued interest were promptly paid in...


h. In mid-September, the decedent’s personal residence was sold for $162,000, net of brokerage and closing costs totaling $15,000. The outstanding mortgage and accrued interest were promptly paid in the amount of $82,800. At the date of death, the mortgage balance along with accrued interest was $81,100.


i. On October 1, a check was received for interest on the RTC bonds.


j. On November 5, the decedent’s income tax return for the year of death was filed and $6,400 of additional taxes was sent in with the return.


Prepare a charge and discharge statement as of December 31 of the current year.



May 02, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here