Mom passed Sunday. We are working on post-mortem paperwork. No estate and inheritance tax filings needed due to value of estate.
The Executor/daughter lives in home with mom and is on deed/mortgage.
Do we need to file an L-9 form?
Read that 50% of the monies in estate account have to be left there and that no bills or admin costs paid from this amount until all tax forms in. Does this pertain to an L-9 form also since we don't have to do estate/inheritance tax forms?
Your profile doesn't have "Answers" enabled, so I'd have to search to find them, but GSA has a good memory, so I'll assume that there were some issues with the house and good standing of the mortgage.
However, I did find that an L-9 is a NJ form, so I would recommend (a) researching NJ's website to learn more about the requirements as well as (b) contacting a CPA.
I did find only a little bit of information. Google "L-9 form" and check out the 5th hit, with a response by TurboTax. It raises issues that we really can't answer w/o knowing more about the value of the house, etc.
This REALLY is an issue for a CPA.