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Get your taxes done using TurboTax
I'm pretty certain that the 1099 from the IRS will be to me since the "person claiming the refund" on the 1310 was my name and SSN. Also, the estate's bank account has long been emptied and closed (the existence of the refund was not detected until long after the we thought everything was done, and it took the IRS over a year to respond to the 1310 submission). It will be a hassle and expense to 1) open a new estate account and deposit the check, 2) transfer the 1099 to the estate, 3) generate 4 K1s for the four heirs. I'm hoping that there is a proper way to simply create 3 1099s under by own SSN to transfer the 1/4 of the taxable interest to my 3 siblings. Comments?
‎November 27, 2023
9:08 AM