1099 split for deceased recipient

Forum|Forum|5 years ago
March 8, 2021
1 reply
12 views

Father passed in June. Received 1099 with includes DIV recevied after death - thus part of estate. Tax return is supposed to show full 1099 and then an adjustment for the amount attributed to estate. Question is, TT seems to only ask for the adjustment once even though there are multiple lines on the 1099. How should qualified or CG be entered on his return? Full amount, or the adjusted amount?

Best answer by Irene2805

I'm sorry for your loss.

To indicate that a portion of the dividends are attributable to someone else (the estate), you can enter a nominee adjustment. To do this please follow these steps:

On the Wages & Income screen, in the Interest and Dividends section, click the Start/Update box next to Dividends on 1099-DIV.
Select that you will type in the information yourself and click Continue.
On the next screen, enter the details from the 1099-DIV and click Continue.
On the next screen, Tell us if any of these uncommon situations apply to you, mark the box I need to adjust these dividends and click Continue. [Screenshot #1, below.]
On the screen, Tell us about your dividend adjustment, enter the adjustment amount (the amount attributable to the estate) as a positive number. [Screenshot #2]

Screenshot #1

Screenshot #2

Irene2805Answer

Level 15

I'm sorry for your loss.

To indicate that a portion of the dividends are attributable to someone else (the estate), you can enter a nominee adjustment. To do this please follow these steps:

On the Wages & Income screen, in the Interest and Dividends section, click the Start/Update box next to Dividends on 1099-DIV.
Select that you will type in the information yourself and click Continue.
On the next screen, enter the details from the 1099-DIV and click Continue.
On the next screen, Tell us if any of these uncommon situations apply to you, mark the box I need to adjust these dividends and click Continue. [Screenshot #1, below.]
On the screen, Tell us about your dividend adjustment, enter the adjustment amount (the amount attributable to the estate) as a positive number. [Screenshot #2]

Screenshot #1

Screenshot #2

alp18Author

Level 2

thank you.

I did get this far although I was indicating other instead of nominee. But what about the other items on the 1099DIV - like fx tx paid and CGD. do they get split?