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Is dividend included on personal tax return or fiduciary tax return, when declare date is prior to taxpayer's death but rec and pay dates are after taxpayer's death?

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Premier Windows

Best answer by KittyM

The dividend is considered received on the date of the check or the direct deposit. Therefore, this dividend would go on the fiduciary return, Form 1041.

D

diffy2Author

Do you mean that the personal tax return would reflect dividends received prior to death and the fiduciary return would reflect dividends received after death? Does this require selecting the Turbotax uncommon situation of adjust the dividend?

K

KittyMAnswer

Employee

The dividend is considered received on the date of the check or the direct deposit. Therefore, this dividend would go on the fiduciary return, Form 1041.