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Distributing taxable interest to other estate heirs
As executor of my mom's estate I had to pursue a refund from a tax return from the year before she died. There are 4 heirs. The refund finally arrived and includes $3000 interest. I will be getting a 1099 for that interest on my SSN. How do I distribute responsibility for that interest to the other 3 heirs. All 4 of us will be receiving 1/4 of the refund.
‎November 26, 2023
10:54 PM