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Level 3
March 2, 2021
Solved

Estate Taxes

I'm filing as the executor of an estate (due in Sep 2021) which includes savings bonds, made out to the estate.  I'm also the sole beneficiary, so funds were distributed to me this tax year (2020).  The 1099-INT I received has the tax ID of the estate on it.  Should I include the interest on these in my personal income this year (although not sure how since it's not my tax ID), or include as estate assets in filing the estate taxes this year (2021)?  Thanks!

Level 15
March 2, 2021

You will get a letter concerning a mismatch unless you report the income on the estate's income tax return.

2 replies

Level 15
March 2, 2021

You will get a letter concerning a mismatch unless you report the income on the estate's income tax return.

AHancockAuthor
Level 3
March 2, 2021

Thank you!  What I thought, so will file with Estate taxes - thanks again!