☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Mar 2, 2021 10:35:42 AM

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!

0 2 1020
1 Best answer
Level 15
Mar 2, 2021 10:46:46 AM

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

2 Replies
Level 15
Mar 2, 2021 10:46:46 AM

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

Level 3
Mar 2, 2021 10:48:12 AM

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