bsjaffe
New Member

How do you enter interest income from a POD account?

I understand that interest posted on a POD account after the original owner's death through the time the account is claimed by the beneficiary must be reported as income.  This amount is not derivable from a 1099-INT, but can be computed from the account's transaction history. How should this interest be reported?  What form should be used to enter the data?  Create a fake 1099-INT for each POD account?