My widowed mother died in 2016 at age 96. Her estate was divided per her will, and a final tax return filed for 2016. I received a 1099-C for her in January 2023 for a debt write off of $961.03 on 1/19/2022 for what appears to be a bank credit card. Any suggestions?
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Read through the following thread.
Also note that the personal representative is responsible for marshalling assets and paying estate expenses and liabilities out of estate funds (including sales of property) before distributing estate assets.
See https://www.irs.gov/publications/p559#en_US_2022_publink100099498
Read through the following thread.
Also note that the personal representative is responsible for marshalling assets and paying estate expenses and liabilities out of estate funds (including sales of property) before distributing estate assets.
See https://www.irs.gov/publications/p559#en_US_2022_publink100099498
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