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Business & farm
Thank you so very much for replying!!
No probate or estate was opened because almost all of the assets passed through the trust to my mother. The only asset still unresolved is a business checking account with about $4000.
We still have not even received an official 1099-C form regarding the Wells Fargo debt. All we received was a statement/letter that they were going to create and file one with the IRS. Moreover, the letter was addressed only to my father and his social security number.
Thanks to your research, if we don't have to file anything, it would be a huge relief!
But, would the IRS really contact us about it later on? My concern is if we receive the official 1099-C after April 15 and it is still dated for 12/31/2021, would that get us in trouble? What if we never receive a 1099-C from Wells Fargo?
Thank you again!