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!
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.
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.