I have similar situation as eagleman1 and morlanb. My mom passed in Aug ‘24, has trust (with separate EIN now), and I’m the successor trustee and personal rep of her estate. She has bank accts, a brokerage acct, rental property (townhome not sold yet), and an annuity. I understand from your earlier responses that her 1099-INTs (and assume 1099-DIV) can be reported on her final personal 1040. My questions are:
1) How about her rental property income? Does that need to be split or also ok to report on her final return? If split, how would I handle that because only a single 1099-MISC (under her SSN) was provided?
2) I made withdrawals from her annuity while she was alive for expenses. Those proceeds would go her personal return. Upon her passing, I cashed out her annuity for eventual distribution to beneficiaries. A portion of the distribution is taxable, and the 1099-R was issued against the trust’s EIN. I assume that will need to be reported under the estate’s return.
Thanks for your help!
