My mother passed away in April with a brokerage account that was TOD with my brothers and me named as beneficiaries. I am the executor of the estate. I asked the broker to sell my portion of the account, and these June stock sales were reported correctly to me on a 1099. However, much to my surprise, dividends continue to payout through early August. The dividends for the entire year were reported on my mother's 1099. Since the account was TOD, I believe that the dividends that were paid after the date of her death actually belong to the sons, and not her estate. The quantities involved are too big to ignore. Her 1099 is quite detailed, and I can compute the dividends that were distributed after her death (although I am having trouble reconciling it with what I actually received.) From what I have read on this forum, the approach is to report the entire 1099 quantity on my mother's return, and then subtract off the portion that occurred after her death and mark it as "nominee" income. Can I do this is TurboTax Premium? I haven't found the correct method. Also, do I need to issue 1099's and file 1096's? Thanks in advance for your advice!
