BobKamman
Level 15
04-21-2020
05:18 PM
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@sjrcpa "Chances are it was earned by the estate since 1099-INT issued to estate."
And chances are, for that amount, it was cashed Savings Bonds.
How many beneficiaries? Did they receive distributions in 2019? Have they already filed their returns because they want to make sure they receive $1,200? You might be able to use a fiscal year so the income is not taxed to them until 2020.