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Client died in 2024. 1099-B shows social security number on 1099-B. Amounts need to reported on Trust return not individual return. How do I show on individual return as I can't show a negative amount coming out on the individual return.
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Report the pre death ones on the 1040 and the post death ones on the 1041.
No need to do anything else.
I have never seen a matching notice in this year of death situation.
The more I know the more I don’t know.
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I agree with @sjrcpa , don't hyperventilate about AUR matching. But IRS does have instructions for a "nominee distribution" on Schedule D items. See Form 8949, column f, code "N." And then you're supposed to issue a 1099-B to the estate. That's just make-work creating unnecessary costs for both the taxpayer and the government. But some people, when told to jump through hoops, choose to follow orders.
