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    Outback53's Avatar
    Outback53 Posts: 1, Reputation: 1
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    #1

    Jan 22, 2014, 09:26 AM
    1099-C from credit card co for my deceased brother. I was executor.
    Received 1099-C from Chase Bank for $2,453.11 in Jan 2014. My brother died in 2011 and I was the executor. Chase never filed a claim on his estate and the probate case was closed out in Feb 2012. My brother was on SS income only and had very little money. Do I need to report this 1099-C as income for him for 2013? Something doesn't seem right. I want to do the correct thing as I don't want to have IRS contact me later saying I needed to have done something with this form. Thanks for answers.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 22, 2014, 11:06 AM
    File the tax return as your brother's executor. The income is reported on Line #21 of Form 1040.

    No tax will be due because your brother's personal exemption of $3,900 exceeds the income listed on the Form 1099-C.
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