Mrs. LK died on February 12 and left her entire estate (including her marketable securities) to her
Question:
Mrs. LK died on February 12 and left her entire estate (including her marketable securities) to her son. After the end of the year, the son received 14 Form 1099s showing his mother’s name and Social Security number. These 1099s reported $29,788 dividend income that the son simply reported on his Form 1040.
Dividend A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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