sjrcpa
Level 15
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The 2024 income should be reported on a 1041 for the decedent's estate.
Since no one transferred the account to the beneficiary, there probably were no distributions either. No distribution deduction = tax paid by estate.
Caveat- this probably doesn't apply if this is community property in a community property state. @BobKamman could weigh in on that.
The more I know the more I don’t know.