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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- How do I record a decedent's income when it comes two years after death?
How do I record a decedent's income when it comes two years after death?
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msindc1
Level 4
03-15-2022
01:37 PM
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Folks:
Wife died at end of 2020. In 2021 employer remitted funds to Wife and issued a 1099-MISC. Box three is titled "Beneficiary/Estate payments, etc." but the recipient is Wife and the listed recipient SSN is Wife's. Therefore, I thought to include it on Husband's return with wife as deceased. But Lacerte tells me that Wife's date of death must be 2021 or 2022. Do I put this on a return for the estate?
Wife died at end of 2020. In 2021 employer remitted funds to Wife and issued a 1099-MISC. Box three is titled "Beneficiary/Estate payments, etc." but the recipient is Wife and the listed recipient SSN is Wife's. Therefore, I thought to include it on Husband's return with wife as deceased. But Lacerte tells me that Wife's date of death must be 2021 or 2022. Do I put this on a return for the estate?
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msindc1
Level 4
03-15-2022
01:48 PM
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I don't actually know in what form the payment was made. It might have been an electronic payment. And I don't know what the payment was for!
sjrcpa
Level 15
03-15-2022
01:51 PM
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Find out.
That will help determine whether it goes on surviving spouse's 1040 or on an estate return 1041 for the deceased.
The more I know, the more I don't know.
