Discussion:Annuity present value for gross estate
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Discussion Forum Index --> Advanced Tax Questions --> Annuity present value for gross estate
Discussion Forum Index --> Tax Questions --> Annuity present value for gross estate
Chris2lane (talk|edits) said: | June 3, 2009 |
| My attorney client sent this bit of info over to me. I think I have the correct answer, but wanted some clarification. Father passed away 9/08. Had two annuities with guaranteed payments to continue to his beneficiary (son) after father's death. The one annuity had 53 payments remaining and the second had 87 payments remaining. According to Sec. 7520, the interest rate is 4.20% for 9/08. When I figure the PV, I go to Table B under Pub. 1457. With 53 payments remaining, he has 4 years and 5 months remaining. Under the Table B, it's broken down in straight years. Do I use the 4 year column and then allocate the remaining 5 months to the 5 year column? I apologize if my question is ambiguous. | |
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