Option 1: This means that you must file an estate tax return. You cannot change the social security number (SSN) to an EIN on an individual tax return. Estate tax return is Form 1041.
Option 2: No form 706 should be filed. Instead file Form 1041 for the income received after the death of your brother.
Option 3: Nominee the distribution to you if you received all the income from the 1099-R. This allows you to file it on your own tax return, and if there is no other money earned after the death of your brother (interest, dividends, etc), then an estate return is not required (Form 1041).
Nominee Returns.
Generally, if you receive a Form 1099 for amounts that actually belong to another person or entity, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received). You must also furnish a Form 1099 to each of the other owners, if applicable.
File the new Form 1099 with Form 1096 (this is a transmittal for the 1099) by mailing to the Internal Revenue Service Center for your area. (Provided on the Form 1096)
- On each new Form 1099, list your brother as the payer and you, as the recipient. On Form 1096, list your brother as the nominee filer, not the original payer. The nominee is responsible for filing the subsequent Forms 1099 to show the amount allocable to each owner (yourself).
The forms filed with the IRS should be the red copy so if you don't have a color printer, go to the IRS website and order the forms here:
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