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Death of parent
I am the executrix of my mother's Will. She has two accounts with stocks/bonds. For one, we received 1099 Rs individually (to heirs). However the other listed me as beneficiary and I received a 1099R for the entire amount of the account, although I split it with the other heir. The 1099 R lists the recipient as the estate of my mother c/o me. First. Do I need to report this on her individual taxes? OR do I need to file a tax for for the estate and go from there? I assume I only need to report my portion of the estate on my own personal taxes but the 1099R shows the full amount. I use Turbotax but should I hire a professional to make sure this is properly reported?
March 17, 2024
10:23 AM