deceased ira rollover

[bstaxes]

Tp got married and wife died all in 2009. Wife (after death) received a 1099R. The IRA was rollover to her mother. Whose return gets the 1099?

SSN is deceased wife

Recipent name is the estate of wife

Box 7 is G

I thinking it would go on the deceased wife's return to match SSN.

No estate tax was filed

Ant thoughts.

[RitaB]

I'm no ant (sorry, I couldn't resist), but I believe you are absolutely correct. You will need to show the rollover on the deceased's return.

So, did the 1099R issuer mess up on the recipient part? If so, they should correct, but they probably won't. (Trust me.) Not sure what will happen on that end, a letter of explanation may take care of it.

[jainen]

>>The IRA was rollover to her mother.<<

I assume the 1099 in question refers to this distribution after death. It must be reported on the recipient's tax return. The IRS knows that it is common to include income in respect of a decedent under the original SSN, so if they send a letter just respond with the simple facts. Isn't the distribution code "G" anyway?

By the way, I also assume you don't really mean the rollover went "to" a non-spouse beneficiary, as that would be a taxable distribution rather than a rollover.

[bstaxes]

Sorry about ant(slip of the fingers) but RitaB you made me smile.

Jainen, the husband told me the money went to the deceased mother who was the beneficary of the IRA. Sad case, marriage only lasted 4 months. I believe the IRA was set up a couple of years ago while the wife was single and living at home.

Thanks you verifying my thoughts and putting it on the TP return.

[RitaB]

jainen - It was stated in the original post that the 1099 in question was issued to the deceased. It is reported on the deceased's return. I did not comment on other 1099's because the poster only asked about this 1099.

[jainen]

>>1099 in question was issued to the deceased<<

My understanding was that the 1099 was issued with the deceased's SSN because the IRA can not be rolled over to a non-spouse beneficiary's own IRA. But it reported a distribution that happened after death, and nothing that happens after death goes on the final tax return. This is similar to a W-2 which is of course issued in the wage earner's name--any wages earned but not received prior to death would be allocated to the estate or recipient, not reported on the decedent's return.

[kcjenkins]

The real point here seems to me is that the name and the CODE is what is wrong. The money was distributed to the beneficiary, after the death of the wife, so it does not go on the wife's return, it goes on the return of the beneficiary, where it is taxable. The 1099R should have been made out to "Mom Jones, as beneficiary of Ann Smith, deceased" and have Mom's SSN on it, Code 4.