1041

[liberty]

client's brother die He applied for EIN# and cashed his brother's bonds. 1099-int was issued in that EIN# in the amount of 5000. That's the only asset his brother had. He used that money to pay for his brother's funeral expenses. Does he has to file 1041 and pay taxes for that amount?

[Anarchrist]

I think there's an option to report the interest earned up to the day of death on the descendant's tax return.