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Level 1
Mar 3, 2021 5:51 PM UTC
Question

1099c

received a 1099c for a person who died in 2019.  how do I complete a tax form for 2020

2 replies

Alumni - Champ
Mar 3, 2021 5:58 PM UTC

That person's Estate would have to file an Estate Income Tax return (Form 1041, not 1040) for 2020.  That requires the TT Business desktop version (Windows version only):

TurboTax® Business CD/Download 2020-2021 Desktop Software, File Business Taxes (intuit.com)

Also see:

Deceased Taxpayers – Filing the Estate Income Tax Return, Form 1041 | Internal Revenue Service (irs.gov)

Level 15
Mar 3, 2021 10:48 PM UTC

@phinzman1285 

 

You need to be cautious with this since cancellation of indebtedness (COD) can result in taxable income, and the debtor is now deceased.

 

You should consult, in person, with a local tax professional (or legal counsel).