I took over a business run by my Deceased mother. She only lived 2 months of 2024- 1099k in her name

[miamipoker]

My mother had a property management company that manages rental properties for a few investors and collects rents on about 30 properties and then pays out the net proceeds to the property owners.   My question is that the rent is collected through zillow so even though my mother was only alive for 2 months of 2024 zillow reported the entire year of rent collected (About $600,000 worth) to her social on a 1099k.   I know I should claim the income and expenses for the 10 month of 2024 after she passed and alot the 2 months of income and expenses to my mother's last return.   My question is since the entire years worth of 1099k payments were reported to her SS number on a 1099k should I file a nominee 1099k from her social to mine for the 10 months? or just figure out the income and expenses for the 10 years and not worry about the 1099k? I just don't want any flags for an audit.

[HollyP]

No, assuming that you are continuing the business, you shouldn't file a nominee 1099K. Instead, report the full 1099-K on your Mom's final return, then adjust it for the portion that was actually your income. Next, on your tax return report your portion of 1099-K as general income.