milkman
Level 3
03-09-2023
08:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My elderly client was recipient of her deceased brother's retirement account (1099R). The 1099R has her brother's TIN , but is made out to his estate and her. Her only other income is social security. The amount is substantial and would subject some of her social security to taxation.
My issue is the 1099R has her brothers SSN. She doesn't have a problem paying the extra tax.
How should this be handled??
Best Answer Click here
Labels
sjrcpa
Level 15
03-09-2023
08:37 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If she got the money she should report it on her 1040.
If there was tax withholding IRS correspondence may ensue because the 1099-R has deceased's SSN.
The more I know the more I don’t know.
