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Deceased receiving stimulus

Colmatt
Level 5

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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Accepted Solutions
IRonMaN
Level 15

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.


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

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.


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15

Lots of deceased people getting the EIP...no guidance so far about whether this should have happened or not.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪