In june 2016, Cynthia died. She lived with her sister Roxanne until the time of

Q: In june 2016, Cynthia died. She lived with her sister Roxanne until the time of

Solution:- 2. Roxanne must file the estate tax return because she is in possession of Cynthia's assest and for tax purposes, is therfore considered to be her personal representative. Please Rate or comment if you have any doubt regarding this solution.

ID: 2593954 • Letter: I

Question

In june 2016, Cynthia died. She lived with her sister Roxanne until the time of her death. Her only assest was the home she owned jointly with Roxanne with right of surviorship. It was worth $ 7 million at death. Cynthia left no will, and Roxanne did not apply to the court to be named administrator. Assuming that Cynthia purchased the home with her own funds, which statement is correct?

1. No estate return need to be filed because there is no one named by the court to file it

2. Roxanne must file the estate tax return because she is in possession of Cynthia's assest and for tax purposes, is therfore considered to be her personal representative

3. No estate tax return need to be filed because Cynthia's estate is under the filing threshold

4. Roxanne must appoint an executor over the estate to file Cynthia's return

Explanation / Answer

Solution:- 2. Roxanne must file the estate tax return because she is in possession of Cynthia's assest and for tax purposes, is therfore considered to be her personal representative.

Please Rate or comment if you have any doubt regarding this solution.

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