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How do I handle returns if both taxpayers died in 2014 a month apart?. Both were previously coupled on the same return prior year.

 
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How do I handle returns if both taxpayers died in 2014 a month apart?. Both were previously coupled on the same return prior year.

If this is a substantial estate, or if there are any questions about how to deal with it, go directly to an accountant.

In the case of spouses, with a small estate, and without the myriad issues that estates cause, the second person inherited from the first person.  Most of that, except in the case of investments cashed in by mistake, would be tax free.

You will need to split the returns, and do the carry forwards and pension splitting, if any, manually.

The death benefit from the first individual would go to the second person.  The death benefit from the second person, as well as the estate go to the beneficiaries of the second person.

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New Member

How do I handle returns if both taxpayers died in 2014 a month apart?. Both were previously coupled on the same return prior year.

If this is a substantial estate, or if there are any questions about how to deal with it, go directly to an accountant.

In the case of spouses, with a small estate, and without the myriad issues that estates cause, the second person inherited from the first person.  Most of that, except in the case of investments cashed in by mistake, would be tax free.

You will need to split the returns, and do the carry forwards and pension splitting, if any, manually.

The death benefit from the first individual would go to the second person.  The death benefit from the second person, as well as the estate go to the beneficiaries of the second person.

View solution in original post