- quote -

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.

http://www.irs.gov/pub/irs-pdf/p559.pdf


Condor

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firenze5943[at]gmail.com wrote:
- quote -

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.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

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

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >