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Get your taxes done using TurboTax
Thank you for the quick reply.
As a follow up question, --> Interest paid after the date of death is the estates or beneficiary of the account (if the bank account was a joint account or had a named benificuary) and goes on the estate or beneficiaries tax return.
Assuming that bank POD account named her as beneficiary,
Does this mean that she get to "choose" if, $10.74 be reported as interest under her mom's estate (mom's 1041 estate tax return) or hers ? (her own individual 1040 tax return)
‎November 3, 2019
5:59 PM