My dad passed away December 2018. I filed his 2018 taxes as his final return. I received a 1099-INT, 1099-DIV, and a 1098 for 2019. I did apply for an EIN before opening his Estate Checking account. Do I need to file for 2019 taxes for him also using the EIN?
You'll need to sign in or create an account to connect with an expert.
File for the estate if the estate got the income....not for your father b/c his final return was already filed.
"If the decedent accounted for income under the cash method, only those items actually or constructively received before death are included on the final return.
Income in Respect of a Decedent
All income the decedent would have received had death not occurred that was not properly includible on the final return, discussed earlier, is income in respect of a decedent.
How To Report
Income in respect of a decedent must be included in the income of one of the following.
--
It would be better for the estate to distribute it to you since the estate tax is so high.
BUT, if the amount involved is less than $600, there is no need to file an estate return.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ak62
Returning Member
user17566711928
New Member
mharwood021
New Member
42Chunga
New Member
user26879
Level 1