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1099-DIV received after a Decedent's final return

My Father passed away in 2020, a 1099-DIV form for $46 was received under his SSN in 2021

His estate is closed and his final tax return has been filed

The payee will not change the 1099-DIV form

As I understand it, this income should be included by his beneficiary

Question; 

1) How do I add the income on the beneficiary's tax return (include the dividend income with no 1099-DIV form received)?

2) Do I need to inform the IRS and if so, how?

Thanks!

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1 Best answer

Accepted Solutions
JamesG1
Expert Alumni

1099-DIV received after a Decedent's final return

1099-DIV income can be added to the tax return of the beneficiary.  In TurboTax Online, the income is reported at Federal / Wages & Income / Investments and Savings / Dividends on 1099-DIV.

 

If you prepare a paper filed tax return you can include a statement with the tax return.  Maintain a record with your tax return paperwork in case the IRS has a question about the income reported.

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1 Reply
JamesG1
Expert Alumni

1099-DIV received after a Decedent's final return

1099-DIV income can be added to the tax return of the beneficiary.  In TurboTax Online, the income is reported at Federal / Wages & Income / Investments and Savings / Dividends on 1099-DIV.

 

If you prepare a paper filed tax return you can include a statement with the tax return.  Maintain a record with your tax return paperwork in case the IRS has a question about the income reported.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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