mardi 29 décembre 2015

Federal Taxes: Pension Money Received After Date of Death: Income to Decesed or to the Trust

Mom died on Oct 21, 2014, and her revocable grantor trust became an irrevocable trust upon that date. She continued to receive some pension income for 2 pay periods beyond her death date, roughly $8000 or so, all received in Oct and Nov 2014. My question is whether that money should be declared on her final tax return (2014 form 1040) or with the trust tax return (2014 form 1041 which commenced a fiscal year on Oct 1 2014). I, the designated surviving trustee, used the money to pay household bills and buy groceries, etc. Yes, I'm late filing her final 1040 tax return, I know. Thank you.


Federal Taxes: Pension Money Received After Date of Death: Income to Decesed or to the Trust

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