It depends. If you filed a final tax return for him in 2023, then the 2024 W2 will be income to you. This is mentioned in IRS publication 559 in a section called Income in Respect of a Decedent on pages 13-14. Right click this link and select open link in new tab to access this information.
Here is how you will report this. Do not enter this as a W2 because the W2 was not issued to you. You will report this as other income. To report:
- Log into your account
- Select Wages and income
- Less Common income
- Miscellaneous Income, 1099-A, 1099>start
- Scroll to the bottom of the page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount listed..
Once this appears in a summary screen, click on the Add Miscellaneous Income Item and then call it income in Respect of a Decedent and the amount reported on line 1 of the W2.
If withholding tax was withheld, you can claim it by:
- Go to Federal
- Deductions and Credits
- Estimates and Other Taxes Paid
- Other Income Taxes
- Other income Taxes paid in 2024
- Withholding not already entered on a W2 or 1099.
Don't be concerned by the wording in step 6. This is an extenuating circumstance that is not addressed by this unique situation.
[Edited 01/15/24|2:36 pm PST]
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