Settling an Estate

[meierlde]

I filed a return for mom for 2018 which resulted in a zero tax liability as her Memory Care facility costs dwarfed her income. 2019 will be the same. 2020 for 32 days I expect will be the same. Care costs dwarf income.

Of course in the case of 32 days the standard deduction which is not prorated might still be bigger, if the only deduction is the medical expenses. (Turbotax states this)

 

[Golden sunsets]

Of course in the case of 32 days the standard deduction which is not prorated might still be bigger, if the only deduction is the medical expenses. (Turbotax states this)

Very good point.

 

[KB]

I just wanted to add a comment.

When I executed my parents A B trusts after their deaths, my Dad's final medical bills came in 7 months after his death. I had not finished all their tax filings so I still had a checkbook to pay the bills. But I didn't expect it to take so long. Medicare had to process first then the secondary, which is what took some time.

 

[kgtest]

My sympathies on your loss.

I didn't read all the details in the responses. If she was receiving any SS, pension, or annuity-type payments, they need to be notified to "turn off the tap".

omni

You mean I can't keep mobile depositing dear ole mother's SS checks into our joint account once she passes?