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Interest Income

jogo39
Level 2

I have a client whose husband died in 2019 and she received a 1099 INT in his social security number.   Does she need to claim this interest ?  It was originally a joint account in his name and her name.  I know she probably should change this at her bank so that she receives the interest income in her TIN.

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PATAX
Level 10

You may want to pick it up on her tax return and after the name of the financial institution put in parenthesis: "Deceased Husband xxx-xx-xxx" the x's are his Soc. Sec. Number.

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2 Replies 2
qbteachmt
Level 15

"I know she probably should change this at her bank"

You think so? After all, it's going to be Two Years Ago that he died.

Of course she needs to claim it and Fix this.

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0 Cheers
PATAX
Level 10

You may want to pick it up on her tax return and after the name of the financial institution put in parenthesis: "Deceased Husband xxx-xx-xxx" the x's are his Soc. Sec. Number.

View solution in original post