Yes, as a beneficiary your husband can claim the two 1099-Rs on his tax return. Income in any year after the final return belongs to and is reported by the beneficiary. You can easily nominee the income to your husband by following the steps found below.
Nominee returns.
Generally, if you receive a Form 1099 for amounts that actually belong to another person or entity, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received). You must also furnish a Form 1099 to each of the other owners.
File the new Form 1099 with Form 1096 (this is a transmittal for the 1099) by mailing to the Internal Revenue Service Center for your area. (Provided on the Form 1096.)
- On each new Form 1099, list your mother as the payer and the other owner(s), as the recipient. On Form 1096, list your mother as the nominee filer, not the original payer. The nominee is responsible for filing the subsequent Forms 1099 to show the amount allocable to each owner (one for you and one for your brother).
The forms filed with the IRS should be the red copy so if you don't have a color printer, go to the IRS website and order the forms here:
After the income from the 1099-Rs is transferred to your husband using the nominee process shown above, that income can be added to your return and can be e-filed.
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