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My father died 8/21/2016 but received 1099-C in 2017. Should I file the 1099-C using 1040 or on 1041 I need to file for the estate.
Dad passed on 8/21/2016 and I was able to negotiate a settlement for a credit card which was all the money left in the estate at that time. So I got the 1099-C in 2017. I tried to file a 1040 for my father but get an error when I enter DOD of 8/21/2016. I can enter it on the 1041 I file for his estate but then tax amount is a lot higher than if claimed under the 1040. What is the correct way to file this 1099-C? The 1041, I use TurboTax Business.
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‎June 4, 2019
5:22 PM