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Lenawee Co Michigan | Well thanks for an answer, anyway.
My thinking was that the lumber, like the grain, machinery, and land were not taxable income if sold, but were just valued a part of a trust, so if converted to cash within the trust were not considered taxable income.
Taxable income would require an increase in value after death, in which case there is none; the lumber would probably be worth the same at the time of death as 2 months later. | |
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