Estate 1041

dwhite572 · ‎April 12, 2020

My sister passed on 3/16/2019. She receives monthly royalty payments and received payments throughout the full year and received a 1099-misc. Does that 1099-misc go on her 2019 1040 or on her 1041? If on the 1041, where? I tried putting it under Rentals and Royalty Properties but that appears to be for businesses. Under Other Income?

Anonymous_ · ‎April 12, 2020

I am sorry for your loss.

You have to allocate the amount received after her death to her estate, which would then be reported on the 1041 (under Rental and royalty properties).

If the entire amount was reported on the 1099-MISC under her social security number, then that figure should be reported on her 1040 with the part allocated to the 1041 being designated as having been received as nominee.

View solution in original post

Anonymous_ · ‎April 12, 2020

I am sorry for your loss.

You have to allocate the amount received after her death to her estate, which would then be reported on the 1041 (under Rental and royalty properties).

If the entire amount was reported on the 1099-MISC under her social security number, then that figure should be reported on her 1040 with the part allocated to the 1041 being designated as having been received as nominee.