When filing the 1099-DIV and related 1096, should I indicate that the filer is deceased somewhere on the form (example: Jane Doe (deceased))?
- No, There is no need to make that additional note on the 1099-DIV. The final return is filed on the same form that would have been used if the taxpayer were still alive, but "deceased" is written after the taxpayer's name on Form 1040.
My mother received form 1099-DIV from her brokerage with entries for 5 different mutual funds with varying types of income. I have allocated amounts for each "box" between my mother's return and the recipient's return (her trust). Do I need to file a corresponding 1099-DIV for each mutual fund, or do I consolidate all amounts into a single 1099-DIV?
- I'm not sure what you're asking. If some of the 1099-DIVs are for the trust, they should be posted to the trust. Your mother's 1099-DIV should be posted to her personal return. I would recommend posting the individual 1099-DID's. This will provide you with a better audit trail.
If I must file a 1099-DIV for each mutual fund, is some notation necessary to indicate the relationship between the nominee 1099-DIV and the original 1099-DIV?
- I'm not sure what you're referring to the nominee's 1099-DIV. No additional notes are required on the individual 1099s. It is covered by the indication that it is a Final Return.
In either event, is any additional notation necessary to clarify the calculation of the nominee amounts?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
