1099 for deceased

[mdav2]

What should I do with a 1099 for my deceased husband

[IsabellaG · Accepted solution]

I'm sorry for your loss. If this 1099 is for the year of his death, it should be reported on his final tax return. Are you filing a joint return with him for this year? Please provide more information, including what this 1099 is for.

[mdav2]

He died 2015- 1099-C-cancellation of debt. Dated 2016

[mdav2]

Thank you

[mdav2]

He died 1/16/2015- I filed joint & reported his death to Discover in 2015 . They sent this last week. 1099-C - cancellation of debt. Dated 2016. What should I do

[IsabellaG]

For a 1099-C, your husband's Estate may be responsible to report this income. But there may be no Estate. You might be considered to be responsible for this income, if you are considered liable for any portion of this debt, such as if you live in a community property state.

On the other hand, this type of income can be nontaxable if the taxpayer was insolvent. The issue can be complicated. If the amount of the 1099-C is significant, I strongly recommend that you consult a tax professional in your area for advice.