BobKamman
Level 15
08-17-2021
10:03 PM
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If they didn't open an estate, how did they close out the account? Was it a "transfer on death" account? If so, wouldn't the transactions after death be reported on the beneficiary's return directly, and not on a 1041?
How did the $3,200 in capital gains come about? Was that for the entire year, or just after his death? Are you taking into account stepped-up basis?