Reply To: Interest rec’d after death

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Kaye Thomas

Technically the IRS wants an allocation here, but as a practical matter, you’ll be fine if you report in accordance with the 1099. IRS has more important things to worry about than where to report a few days’ interest that likely amounts to a trivial sum. I’m assuming we aren’t talking about millions of dollars in CDs, where even a few days’ interest may be enough to make a difference that matters.