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Executor of estate to receive 1099 for monies to be distributed among heirs
My husband, as Executor of Estate, has received a sizeable check from Delaware Unclaimed Property for Oil & Gas production on some wells his grandfather had mineral rights to. The monies will be split to 3 heirs, my husband being one, however, we are told that we will receive a 1099 for the entire amount since the check was written to my husband. What do we do about that come tax time??????? Thank you for your help.
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‎August 2, 2024
7:26 AM