You file a 1040 to date of death and a 1041 for the estate
income after DOD. Include the wrong income included on her
1099s onn her 1040 and distribute it to the 1041 as a
"nominee". Read the Schedule B instructions to see how
this works.

ed

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A. Smith wrote:

- quote -

Yes, a Final Return for her (for 2005) and an estate/trust
return for the period after death.

- quote -

Enter them all on her 1040/Schedule B, then put "nominee
income" and enter the amount accrued since date of death.
Subtract this from the Schedule B total and carry over to
the 1041.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

My mother passed away in July of last year (2005). Someone
had her set up a revocable trust. She put almost all her
assets in the trust. So far seems to be a not bad decision.

I got a taxpayer identification number for the trust, but,
as of yet, haven't gotten the TIN associated with the
dividend paying stocks in the trust. Now I have a bunch of
1099s with her SS number on them for all of 2005 dividends.
Total dividends exceed $600. Total dividends also exceed
$1,200 by a significant amount.

Do I have to file a return for her and the trust?

If I do, what do I do about the 1099s which have her SS# and
the entire amount of dividends for 2005?

Now, I'll try to think of a subject line for this.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >