GraceNY Posted March 31, 2008 Report Share Posted March 31, 2008 Husband and Wife filing MFJ. Wife died on March 2, 2007. Husband did not get court appointment until September 2007 so some of the accounts in her name alone were not established under Estate Tax ID until January 2008 and others are still under her SSN. What is the correct/proper way to handle the F-1040 and F-1041? Report all the interest, dividends and capital gains earned under her SSN on the 2007 MFJ return despite the fact that a large percentage of it was paid/earned after DOD (we're talking about $15,000 - $20,000)...all assets are going to Husband once estate is settled OR split out the after DOD interest, dividends, and capital gains and report on the F-1041? My past expereince was only with a single individuals death and the filing of final F-1040 and a F-1041 when beneficiaries were the children and they were relatively neat and simple because Estate account was established fairly quickly and very few items needed to be allocated. Thank you in advance for all those who respond... Grace Quote Link to comment Share on other sites More sharing options...
grandmabee Posted March 31, 2008 Report Share Posted March 31, 2008 Husband and Wife filing MFJ. Wife died on March 2, 2007. Husband did not get court appointment until September 2007 so some of the accounts in her name alone were not established under Estate Tax ID until January 2008 and others are still under her SSN. What is the correct/proper way to handle the F-1040 and F-1041? Report all the interest, dividends and capital gains earned under her SSN on the 2007 MFJ return despite the fact that a large percentage of it was paid/earned after DOD (we're talking about $15,000 - $20,000)...all assets are going to Husband once estate is settled OR split out the after DOD interest, dividends, and capital gains and report on the F-1041? My past expereince was only with a single individuals death and the filing of final F-1040 and a F-1041 when beneficiaries were the children and they were relatively neat and simple because Estate account was established fairly quickly and very few items needed to be allocated. Thank you in advance for all those who respond... Grace I would spilt on returns. But remember to back out of the 1040 B because of matching program Quote Link to comment Share on other sites More sharing options...
OldJack Posted March 31, 2008 Report Share Posted March 31, 2008 Basically the assets with the survivor's (husband) social security belong to the survivor and go on the 1040. Survivor's assets are not normally in the estate of the deceased (wife). The deceased income before date of death goes on the joint 1040 return with the survivor, after death the form 1041. Quote Link to comment Share on other sites More sharing options...
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