Deceased but still getting interest

amsanders122 — Mon, 03 Jun 2019 19:03:34 GMT

person I am filing for passed in 2015 but gained interest in 2016 on accounts that were still open. Turbo Tax will not let me enter in a deceased date earlier than 01/01/2016, so what do I do?

If this person's estate is still open, then any earnings...

PaulaM — Mon, 03 Jun 2019 19:03:35 GMT

If this person's estate is still open, then any earnings it would have would be reported on an estate tax return, not an individuals return.

If the interest belongs to a beneficiary, then it is reported with the beneficiary's return. See link below.

http://budgeting.thenest.com/pays-taxes-interest-income-deceased-person-34355.html

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Deceased but still getting interest

If this person's estate is still open, then any earnings...