A taxpayer died on 12/31/25, and there will most likely be income with respect to a decedent. (IRD). Who will have to report this in 2026, the decedent or the benficiaries? In most cases it is the beneficiaries for IRAs and installment sales. However, I am expecting some 1099-Rs, Social Security, and maybe stuff that pertains only to 2025.
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Last edited by Snaggletooth; Today, 12:00 PM. -
Publication 559:
Also, if the person died in December, there won't be a final Soc. Sec. payment for January (or if it is paid, it will be taken back).Income in respect of a decedent must be included in the income of one of the following.
• 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.
• Any person to whom the estate properly distributes the right to receive it.Last edited by Rapid Robert; Today, 12:30 PM."You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
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