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Submitted 141 days ago...

Phoebe123

New User (2)

Are future royalty payments considered in determining the worth of an estate for estate (inheritance) tax purposes?

My family has been told that royalty payment amounts from a book our deceased father wrote (that continues to earn income) have to be valued for the life of the book in order to determine whether or not there will be an estate tax. How can a value be placed on something that hasn't been earned yet and then a tax levied against it?

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Answer

Submitted 136 days ago...

Susu

Professor (1,358)

This is actually commonplace, and then if the royalties are not recovered (that is to say you do not collect what was estimated) you can reclaim the tax. Consult a CPA to find out what you sould need to provive to do this. Susu

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