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Grandmother passed in 2023. Assets were transferred to her daughter in 2024. Both received 1099's. Do both still need to file for 2024?

 
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1 Reply
Vanessa A
Employee Tax Expert

Grandmother passed in 2023. Assets were transferred to her daughter in 2024. Both received 1099's. Do both still need to file for 2024?

Who issued the 1099's and what are they for?

 

If there is an estate return, if your grandmother received a 1099, then this would be reported on the estate return.

 

If the recipient (her daughter) received income, yes, she would need to report it if it is taxable income. 

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