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shart2427
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My wife's Mother died 12/2016 and my wife inherited some CDs. Some of the reported 1099-int interest was paid to her mother. Must she claim this interest?

My wife was a beneficiary listed on the CDs.

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My wife's Mother died 12/2016 and my wife inherited some CDs. Some of the reported 1099-int interest was paid to her mother. Must she claim this interest?

Yes, any interest o the CDs up to the date of death should have been included on the final decedent's return.  Any income after the date of death should have been sent under a 1099-INT in your wife's name and she would have to include it on her income tax.

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My wife's Mother died 12/2016 and my wife inherited some CDs. Some of the reported 1099-int interest was paid to her mother. Must she claim this interest?

Yes, any interest o the CDs up to the date of death should have been included on the final decedent's return.  Any income after the date of death should have been sent under a 1099-INT in your wife's name and she would have to include it on her income tax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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