deceased tp receives 1099c

[schirallicpa]

Taxpayer died in March 08. In Dec 08 credit card company canceled debt and issued 1099C. credit card company reported in deceased's ID #. (In fact, I don't believe an estate ID exists.) Does the 1099C simply get reported on the taxpayers return, even though it was after her death. Or is this an "estate" item. Afterall - the debt was incurred before she died......

Any 2 cents would be appreciated.

thanks

[kcjenkins]

Technically it belongs on the 1041. But assuming there is no estate to be filed, I'd go ahead and put it on the final 1040. That should be the last you hear of it. Especially if she was insolvent at death, or she has a refund coming, so that it can be paid out of her refund.

[Janitor Bob]

Technically it belongs on the 1041. But assuming there is no estate to be filed, I'd go ahead and put it on the final 1040. That should be the last you hear of it. Especially if she was insolvent at death, or she has a refund coming, so that it can be paid out of her refund.

FYI....over two years since my first wife's death...and I still received a 1099c...for debt that was cancelled almost two years ago....It took them that long to send 1099c!