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She died with no will, hence probate court. She had no kids and her husband died 4 years before her, she has no siblings.
We are in Michigan. Everything was sold and put into "Estate of" bank account. When this is closed, which is in next couple weeks, do we pay taxes on the money... View More 
answered on Nov 17, 2020
Generally, gifts and bequests are not taxable income. However, if the estate generated normal taxable income from interests, dividends and capital gains, then there could be taxable income on these items. The amount of income of the estate would be the net income after the estate takes its... View More
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