@jlr00721 why can't this just be simple? if you are certain the 1099-INT is issued to you personally, why not simply distribute the money to the other 3 heirs as a YOUR personal gift and withhold tax at YOUR marginal tax rate. Then you just report on your tax return and the heirs don't a have to report anything?
might not be technically correct, but the IRS is going to get its tax money. Hopefully heirs don't mind, given the expense it would otherwise cause to to it correctly
Or, as executor, just give each heir 1/4 and eat that tax yourself.....
make it simple without unnearving the heirs...
