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Investors & landlords
PartriciaV - Just a follow up on your helpful answer. Since I had to create a new Estate account with its own tax ID number, into which the proceeds from NY's unclaimed funds account were deposited, how will the IRS and my own state tax department know that the tax due is being paid through my (and my siblings) personal account? I did not see any place in Turbotax to make a note that the dividends and capital gains are from a tax ID number different from my own, since there is no tax form being filed for the estate. I am guessing that if the estate gets a letter from the IRS I can just send them an explanation. Can you advise? Thanks very much.
Amos
‎January 26, 2025
9:28 AM