myTax
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Thank you again,

 

So to make sure I understand this, 

 

For POD bank account naming her as beneficiary,

 

1)  interest was paid before death,  ( $10.74 )  report it on mom's 1040 individual tax return

2)  interest was paid after death,  ( $10.74 )  report it on her 1040 individual tax return

3)  in either case,  1041 fiduciary return is NOT required ( no estate exists )

4)  This is true for interest greater than $600 or if  interest in the amount of thousands of dollars are paid

 

Is this correct ?