Preparing taxes for Mom who passed away in May of 2019. She had Interest and Dividend income along with retirement income from 1099R's. In researching IRS requirements I've read that her tax return should report income received up to the date of death and the financial institutions upon request would issue a 1099INT or DIV to the beneficiaries to report on there own return.
I've also read that a 1041 should be filed if an estate had $600 or more gross income, then K-1's would be issued to the beneficiaries. I can't see doing both of these methods--that would double up the income.
Question is----What exactly is the determining factor to have to request the EIN and file a 1041 versus just having the financial institution issue 1099's to all beneficiaries?
Thanks for any help out there!
