Reporting of Decedent Capital Gains

[CW62]

My spouse passed away very late in Dec 2023. He was sole owner of some investment accounts at the time of his death. As a result, for 2024 tax year, there are capital gains in his name and SSN only, just for the short period before these accounts were transferred to his heirs (no probate required). I filed his final tax return and estate tax return for 2023.....but how do I report his capital gains for 2024 since his final/estate returns were already filed? Should I report them on a Schedule D? If I report them in my name/SSN I have no supporting documentation. I did not receive clear guidance when requesting live assistance today. Thank you. 

[fanfare]

when your spouse dies with solely owned carryover losses on their final tax return, those amounts are lost, like tears in rain.

@CW62 

[fanfare]

IRS Pub 559 --

"If the decedent accounted for income under the cash method, only those items actually or constructively received before death are included on the final return.

Income in Respect of a Decedent

All income the decedent would have received had death not occurred that was not properly includible on the final return, discussed earlier, is income in respect of a decedent.

How To Report

Income in respect of a decedent must be included in the income of one of the following.

• The decedent's estate, if the estate receives it.
• The beneficiary, if the right to income is passed directly to the beneficiary and the beneficiary receives it.
• Any person to whom the estate properly distributes the right to receive it."

@CW62 

[CW62]

Grateful for your assistance. Thank you!

[mark1263]

Sorry for your loss.

we eventually hired an accountant to deal with the issue of my dad's post-death and post-tax filing income.   Unfortunately,  I don't recall the specifics.

good luck