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How to report 1099-C for deceased client? Client died in 2016; 1099-C issued for 2018.

joyconnell
Level 1

Final 1040 filed in 2017, but trust is still open.  Can the income be reported in the trust's1041?

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sjrcpa
Level 15

It is income to the estate.


Ex-AllStar

View solution in original post

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2 Comments 2
sjrcpa
Level 15

It is income to the estate.


Ex-AllStar
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George4Tacks
Level 15

You might find https://www.taxcpe.com/blogs/news/cancellation-of-debt-of-a-decedent of interest. Yes. report as other income on 1041.


Here's wishing you many Happy Returns
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