Answered: 1099-B received for taxpayer that died 7 years ago with gross proceeds of $692. Should a new 1041 be filed?

FTPhil

sjrcpa

Technically, yes.

Practically - who got the money? Tell them to report the sale on their return. If IRS ever inquires, tell them that was done.

The more I know the more I don’t know.

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sjrcpa

Technically, yes.

Practically - who got the money? Tell them to report the sale on their return. If IRS ever inquires, tell them that was done.

The more I know the more I don’t know.

rbynaker

@sjrcpa wrote:

Technically, yes.

Practically - who got the money? Tell them to report the sale on their return. If IRS ever inquires, tell them that was done.

After 7 years, my guess is the state unclaimed property office got the money. 🙂

1099-B received for taxpayer that died 7 years ago with gross proceeds of $692. Should a new 1041 be filed?

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