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Married couple in California--the wife died in 2019. We filed a MFJ 2019 return. But she got $14,394 dividend income in 2020. There is no official Estate or Trust setup for the wife that passed.
How do I report her dividend income for 2020 when she died in 2019 and doesn't have an Estate tax ID?
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Who received the dividend payments? They say that "you can't take it with you" so I'm pretty sure she didn't get the payments.
Slava Ukraini!
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The 1099-Div attributes the dividends to her SSN. But I'm assuming her husband would "inherit" them.
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I would not assume that. Why weren't they in a joint account? Did she have kids from a previous marriage who might be entitled to some of the estate? Where did the money go? Why was the account not closed, or changed to the husband's name?
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Were the dividend producing assets community property?
The more I know the more I don’t know.
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Oh the joys of trying to short cut the estate process!!!
