1099-DIV received after a Decedent's final return

Forum|Forum|4 years ago
March 7, 2022
1 reply
28 views

My Father passed away in 2020, a 1099-DIV form for $46 was received under his SSN in 2021

His estate is closed and his final tax return has been filed

The payee will not change the 1099-DIV form

As I understand it, this income should be included by his beneficiary

Question;

1) How do I add the income on the beneficiary's tax return (include the dividend income with no 1099-DIV form received)?

2) Do I need to inform the IRS and if so, how?

Thanks!

Best answer by JamesG1

1099-DIV income can be added to the tax return of the beneficiary. In TurboTax Online, the income is reported at Federal / Wages & Income / Investments and Savings / Dividends on 1099-DIV.

If you prepare a paper filed tax return you can include a statement with the tax return. Maintain a record with your tax return paperwork in case the IRS has a question about the income reported.

JamesG1Answer

Level 15

1099-DIV income can be added to the tax return of the beneficiary. In TurboTax Online, the income is reported at Federal / Wages & Income / Investments and Savings / Dividends on 1099-DIV.

If you prepare a paper filed tax return you can include a statement with the tax return. Maintain a record with your tax return paperwork in case the IRS has a question about the income reported.

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