TAXMAN Posted May 1, 2019 Report Posted May 1, 2019 TP deceased(2018) holding bonds fully matured 5 years ago. TP did not include them in their returns for any year. Estate got bonds cashed early in 2019. Can I put this interest on the final return of the deceased or do I include them as income for the 1041 to be filed next year? I think I read I could put them on the final return of the deceased. Quote
Gail in Virginia Posted May 1, 2019 Report Posted May 1, 2019 You can make an election to report the interest earned on the bonds through the date of death on the decedent's final tax return. The estate or beneficiary receiving the bonds then reports only interest earned after the date of death (Rev. Rul. 68-145). I think Pub. 559 has a discussion of this. 3 Quote
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