Decedent received brokerage statement for 2021. I tried to file decedent's tax return and received error due to date of death (2020), of course. Should I file form 1099-DIV with TOD as recipient? Can TOD sign on behalf of decedent on Form 1096?
I've only dealt with surviving spouses. Child / parent situation is new for me.
You betcha!
If it was a TOD account, sales and income after death automatically belong to the designated beneficiary and should be reported on that individual's return. No 1041 involved. Should the decedent file a 1099? They aren't going to put him in jail if he doesn't.
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