I have a couple clients that passed away in April, 2020, yes Covid-19, and received the stimulus. My thoughts are that because this is really a prepayment of a 2020 tax credit, and they will be filing 2020 final returns, than they, or their estate, are ok to keep the funds.
Thanks in advance for your insight.
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Sounds like pretty much anyone that has died in the last three years has received a check. But like you said, since they died in 2020, they would be receiving the credit on their 2020 return so I would take the money and run.
Sounds like pretty much anyone that has died in the last three years has received a check. But like you said, since they died in 2020, they would be receiving the credit on their 2020 return so I would take the money and run.
Lots of deceased people getting the EIP...no guidance so far about whether this should have happened or not.
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