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Retirement tax questions
I am the executor for my mother who passed on 3/2/2020. Turbotax (and the IRS FAQs) indicate that she (her estate) qualify for both stimulus payments. I received the initial $1200 check post death in April 2020 and returned the uncahsed check to the IRS according to the advice published in 2Q 2020. IRS has acknowledged return of the initial check.
Has IRS changed its position on eligibility for both payments? Is the refund "income in respect of a decedent" reportable on 1040 or are the payments income to the estate (reportable on 1041)?
Should I treat the returned check as if no payment had been made?
Thank you in advance for your reply.
‎February 23, 2021
8:33 AM