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2007 taxes for someone who has passed away

I was appointed an executor of an estate recently. DOD was Nov 2007. Atty/Acct is out of town for 10 days and I wanted to get started on the taxes. Looking through the documents, I have found some

1099s that were received in January 2008 for the entire 2007 year. I know I now must get corrected 1099s to include only the time of 1-01-2007 through 11-12-07. Do I also ask for a 1099 for the remaining portion of the year at this time or wait until the form 706 must be prepared and get one 1099 for the 2007/2008 ? There will be some dividends and Interest sent to the estate account for some months in early 2008. Stock, etc have not been sold yet. Thanks Karen
Reply to
firenze5943
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You will not be able to obtain revised 1099s from the issuers. Just report the total amount received and/or credited to the account and then make an entry backing out the amount that belongs to the estate or the joint owner or beneficiary of the relevant source account. If the estate, include the amount on the estate 10401 income tax return. If a joint owner or beneficiary, inform them of the amount they have to report as income.

Reply to
Alan

You don't need to request corrected Forms 1099. Follow the advice in the previous response and complete the Table B worksheet on page 42 of IRS Publication 559 and attach a copy to each tax return on which portions of the income are included.

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Condor

Reply to
Condor

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