File for Deceased Taxpayer

[mlz4100]

Hello.  My father died in 2019 and is survived by my mom.  I filed a joint return for them in 2019.  Dad had some stock that was transfered over to mom in 2020.  Dad received some 1099div (about 2k worth) in 2020.  How do I report the 1099s that were just in dads name?

Thank you.

[Anonymous]

You should check with the company that issued the 1099 and see if a beneficiary is listed.  If the beneficary is your mom, then you will likely need to send them a death certificate to transfer the stock or account to her. 

[mlz4100]

Thanks for responding.  The stocks were transferred to her in April 2020 (6 months after dad passed).  She received a 1099 for the dividends acquired from April-Dec 2020 in her name and SSN.  The issue is that 1099's were also sent for Jan-March dividends in Dads name and SSN.  What form do I include those dividends?

[SamS1]

If the dividends received benefitted your Mom, she needs to report the income.  Income with respect to a decedent that is paid directly to a beneficiary is reported on the the beneficiary's 1040.  So if the dividends went into the investment account that was later titled in your Mom's name or if the dividends came directly to your mom, they would need to be reported on her 1040.

You could segregate those in TurboTax by placing "IRD" after the stock name so you will know which dividends were reported in your Dad's social security number when 2021 come around.

[mlz4100]

Thank you for responding.  That is good advice and what I will do!