Reporting 1099 interest received after death

[igor5927]

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.

[DianeW777]

Yes, to both of your questions. The interest earned before your relative's death should be reported on the relative's tax return.  Anything after death, which belongs to you, should be reported on your tax return. It's doubtful any questions would arise, keep the document with your tax files.

• Deceased Relative - $482.14
• Your return - $7.86

[igor5927]

Thank you very much for taking the time to respond.