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Old 01-01-2015, 02:29 PM
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date of death 1/1 final return and fiduciary return

if a person dies on 1/1 and has a section 8 tenant next door and usually gets checks dated on the first of the month for that month rent. what happens this year holiday 1/1 and checks dated 1/2 I imagine and meant for january rent does that check go on a final return for date of death 1/1 or does it go on the fiduciary return for that year.


Last edited by kcoszy : 01-01-2015 at 02:35 PM. Reason: adding something


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Old 01-01-2015, 02:33 PM
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rent check should have added

Or it is possible they date it 12/31 i don't know as mail does not come on 1/1 and is meant for january rent and date of death is 1/1 where does that check go. is there a date of death tax return just for 1/1 and if rent is usually dated that way for the month of january but you don't get it until later would it go on a fiduciary return.



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Old 01-02-2015, 04:55 AM
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Originally Posted by kcoszy View Post
if a person dies on 1/1 and has a section 8 tenant next door and usually gets checks dated on the first of the month for that month rent. what happens this year holiday 1/1 and checks dated 1/2 I imagine and meant for january rent does that check go on a final return for date of death 1/1 or does it go on the fiduciary return for that year.
All income the decedent would have received had death not occurred that was not properly includible on the final tax return is income in respect of a decedent. Income in respect of a decedent must be included in the income of one of the decedent’s estate, if the estate receives it;the beneficiary, if the right to income is passed directly to the beneficiary and the beneficiary receives it; or any person to whom the estate properly distributes the right to receive it.If you have to include income in respect of a decedent in your gross income and an estate tax return was filed for the decedent, you may be able to claim a deduction for the estate tax paid on that income.



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