BobKamman
Level 15
02-22-2025
09:52 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
When all else fails, ask the client what happened. Did the taxpayer cash those bonds when he signed up for hospice, then died six months later? Or did the survivors cash them, perhaps not telling the bank or Treasury that the owner had died? In either case, it can still be reported on the decedent's final return, which will result in a lot of tax being owed but probably less than if the beneficiaries report it.