Discussion:Apportioning Dividends

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Discussion Forum Index --> Basic Tax Questions --> Apportioning Dividends


Discussion Forum Index --> Tax Questions --> Apportioning Dividends

Bell (talk|edits) said:

8 April 2014
When doing a return for a deceased individual and splitting dividends between the final return and the estate return, would it be appropriate to divide the dividends by 4 quarters and apportion the dividends to the estate and final return accordingly? There are no records to determine when dividends were paid and we have about 25 of them. Or would it be better to get an extension and get this info from each company paying the dividends? That will take considerable time and effort. Thanks, in advance!

Ckenefick (talk|edits) said:

8 April 2014
What documents are you working off of...brokerage 1099's? 1099's directly from each company?

Either way, you'll need paid dates. I take it the accounts weren't switched over to the estate promptly after death.

Michaelstar (talk|edits) said:

8 April 2014
Cash basis

Bell (talk|edits) said:

8 April 2014
Yes, working from 1099's. And, yes the accounts weren't switched. From your answer, it appears we will need to get the paid dates. Oh, and yes, this is a cash basis TP. Just a normal man with lots of little 1099's. Some not so little.

Kevinh5 (talk|edits) said:

8 April 2014
You need the monthly brokerage statements, Bell.

Bell (talk|edits) said:

8 April 2014
I know, Kevin. Nobody has them. I suppose we will need to call each company and get it that way. Extension.

Ckenefick (talk|edits) said:

8 April 2014
Just a normal man with lots of little 1099's.

So, these stocks were not held in a brokerage account - is that we're you're saying...that these stocks were held directly with the Companies that paid the dividends?

Kevinh5 (talk|edits) said:

8 April 2014
You could research each stock to find out the dividend dates and amounts.........

Ckenefick (talk|edits) said:

8 April 2014
Yeah, this stuff is online. Easy, peasy...unless we have dividends reinvested.

Joan TB (talk|edits) said:

8 April 2014
You can easily get dividend history (per share amounts plus paid dates) from Yahoo Finance. FYI - they also have stock splits history. Very handy stuff.

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