Subj : rats  was: Note from
To   : Daryl Stout
From : Barry Martin
Date : Thu Feb 20 2020 07:19:00


Hi Daryl!


-=> DARYL STOUT wrote to NANCY BACKUS <=-

 DS>   What's worse, is that with the inheritance tax, the money that
 DS> came from the Miller Trust, since I was the beneficiary, I have
 DS> to pay tax on it...and from another insurance deal when it comes
 DS> due in August. Because, I was the beneficiary, even thought I cut
 DS> a check for 50% of it for my brother's share, I'm on the hook for
 DS> it.

Over a certain amount a gift is taxable so your brother might be 
required to pay some tax on that 50%.  You might be able to deduct a 
portion of the check to your brother as a gift, which would possibly 
reduce your taxes.  ...Just ideas -- see a tax professional (whose fees 
can be part of the deductions from next year's taxes).   ...Mileage
to/from doctor's visits (your's, your car, not shuttling someone else)
can also be a deduction.


                        ¯                          ®
                        ¯   Barry_Martin_3@        ®
                        ¯                 @Q.COM   ®
                        ¯                          ®


.... I went to San Francisco. I found someone's heart. Now what?
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