wife died in 21, but husband brings 1099-Int

[schirallicpa]

The wife died  3 years ago, but the husband came in this year and has a 1099-int from an account that was in her name.  Does he need to claim it?

[Medlin Software, Dennis]

A legal question likely. Could even get into a where did the funds come from, community property, etc.

I recently had to pay a debt from 1971, which should not have been in place anyway, to get a home sold in estate. The amount was simply too small to hold up the estate, so for the OP, maybe the tax is small enough it is just best to report/pay.

[DANRVAN]

2 hours ago, schirallicpa said:

1099-int from an account that was in her name.  Does he need to claim it?

If this was from an oversight of changing account from wife then yes, he needs to claim it;  and get the account ownership transferred.

[Sara EA]

If he inherits the account, he inherits the interest too.  He will report the interest income because he's the one who received it.

[Lee B]

A classic case of Income in Respect of a Decedent

[DANRVAN]

1 hour ago, Lee B said:

A classic case of Income in Respect of a Decedent

Does not sound like IRD to me.  

If it were IRD, it would have accrued before death and paid after death.

This sounds like a case of 2023 interest paid on account that was not transferred from name of spouse who died three years ago.

[schirallicpa]

Thanks guys - we shall report and pay.  It was about 7500 in interest so it certainly creates a bit of tax, but the TP has certainly taken benefit.