Social Security as IRD on 1041

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  • bgiez
    Senior Member
    • Apr 2006
    • 175

    #1

    Social Security as IRD on 1041

    I am preparing a 1041 with, among other things, $7800 Social Security received after date of death. How do I treat this on the 1041? Do I compute how much would have been taxable on the final 1040 if it had been received before death, and use that figure for other taxable income? If so, how do I treat the non-taxable portion? Would expenses (attorney fees, tax prep, fiduciary expense) be allocated between taxable and non-taxable income? Basically, the SS is the only income; there is a loss on the sale of the residence of $6837.

    This is the first and final 1041, if that has any bearing on anything.

    Thanks.
    Barbara
  • veritas
    Senior Member
    • Dec 2005
    • 3290

    #2
    I didn't think you could collect SS after the date of death. Is it possible the estate may have to return it?

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    • bgiez
      Senior Member
      • Apr 2006
      • 175

      #3
      SS received after date of death

      This was retroactive - she had applied and finally been approved, then she died.

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