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How do I handle dividend income for an inherited account accrued between the time of death and taking possession of the account?
My brother and I inherited a brokerage account from our father divided equally. We didn't take ownership of the account for 3 months after his passing. A 1099-DIV was sent in Dad's name for dividends accrued during that 3 months. The brokerage house won't issue new separate 1099's. How do my brother and I handle this on taxes to divide the responsibility of the dividend gain?
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‎June 4, 2019
5:43 PM