topic In 2018, I filed my Dad's "final" tax return (he died in 2017). He received a state refund & a fund distribution. Do I need to file his final taxes again, or is it over? in Retirement tax questions

In 2018, I filed my Dad's "final" tax return (he died in 2017). He received a state refund & a fund distribution. Do I need to file his final taxes again, or is it over?

haraldsturgisgib — Mon, 03 Jun 2019 18:37:37 GMT

The total amount is about $5K.

a State refund is not income. Nor is a fund distribution...

fanfare — Mon, 03 Jun 2019 18:37:38 GMT

a State refund is not income.
Nor is a fund distribution for closing the account..
Any capital gains, interest or dividends from the mutual fund - typically paid in December - would be considered income.

IRS Pub 559 -- "If the decedent accounted for income un...

fanfare — Mon, 03 Jun 2019 18:37:40 GMT

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."

topic In 2018, I filed my Dad's "final" tax return (he died in 2017). He received a state refund &amp; a fund distribution. Do I need to file his final taxes again, or is it over? in Retirement tax questions

In 2018, I filed my Dad's "final" tax return (he died in 2017). He received a state refund & a fund distribution. Do I need to file his final taxes again, or is it over?

a State refund is not income. Nor is a fund distribution...

IRS Pub 559 -- "If the decedent accounted for income un...

topic In 2018, I filed my Dad's "final" tax return (he died in 2017). He received a state refund & a fund distribution. Do I need to file his final taxes again, or is it over? in Retirement tax questions