Discussion:IRD on a JTWROS Account

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Revision as of 18:41, 25 March 2009

Discussion Forum Index --> Advanced Tax Questions --> IRD on a JTWROS Account
Discussion Forum Index --> Tax Questions --> IRD on a JTWROS Account

Jake (talk|edits) said:

25 March 2009
Mom had several JTWROS accounts with daughter - money was mom's. All earnings while mom was alive is on mom's 1040.

Death was 6-15-08 Interest of 100.00 posts 6-30-08 Is that 100.00 all on daughter's 1040 as when it was received the account was hers? Or do you prorate - $50 becomes IRD on estate 1041, $50 on daughter's 1040.

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