DawnC
Employee Tax Expert

Deductions & credits

You don't need to override anything, take the deduction, and this tax return will be the final one.  There will be no filing requirement next year.  

 

Only income earned between the beginning of the year and the date of death should be reported on the final return.   For taxpayers who use the cash method of accounting, as most do, income is considered earned as it is actually received or at least made available to them. Taxpayers who use the accrual method of accounting, on the other hand, count income as earned when they actually earn it, regardless of when they receive it.    The distinction is important because some income that might logically seem to belong on the decedent's final return is considered income in respect of a decedent (defined below) and is taxable either to the estate or to the person who receives it.

 

I am sorry for your loss.  

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