Question
Reporting 1099 interest received after death
I am doing the taxes for a relative who died in 2024. The total interest reported on his 1099 is $490 with $7.86 accrued after death. I was the joint owner of the account so the $7.86 is reported on my tax form, I believe. He had no assets left to an estate.
My question is logistics: do I simply report $482.14 interest on his taxes even though the 1099 says $490?
And on my taxes, do I simply add an additional 1099 entry with the $7.86?
Thank you.
