[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-304839-105":53,"doc-detail-304839-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","post-mortem-estate-planning-agenda-final-1040-elections","Post-Mortem Estate Planning - Agenda - Final 1040 Elections","","Post-Mortem Estate Planning outlines key federal income tax and estate administration elections affecting estates and trusts, with emphasis on Form 1040 filing choices. It covers final 1040 filing status rules, conditions for a joint return with a surviving spouse, and planning considerations for deductions, liability, and timing. The session also reviews medical expense treatment, Series E/EE bond reporting elections and post-death accrual, and strategies for capital losses and carryovers, including loss character and surtax implications.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/post-mortem-estate-planning-agenda-final-1040-elections/304839/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/post-mortem-estate-planning-agenda-final-1040-elections/304839.png","ImageObject",442,249,{"name":88,"@type":89},"Bintang","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-26","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"When can the executor file a joint return on the decedent’s final 1040 with the surviving spouse?","Question",{"text":108,"@type":109},"A joint return may be filed when there is a surviving spouse, the tax year of both spouses is the same, and the surviving spouse has not re-married before year-end. The return is due on the normal due date if a joint return is filed.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How are medical expenses handled for the decedent’s final 1040?",{"text":113,"@type":109},"Section 212(c) allows a deduction for medical expenses on the decedent’s final 1040 for the year incurred if paid by the estate within one year of death. Certain elections and duplicate election filing requirements are referenced, and deductions are subject to an AGI-based threshold.",{"name":115,"@type":106,"acceptedAnswer":116},"What reporting options exist for Series E/EE bonds after death?",{"text":117,"@type":109},"For a cash basis decedent, interest is generally reported when received, but an election can include increments in gross income. If no election was made during life, the executor can either continue reporting interest when received or elect to report the increment on the decedent’s final 1040, which can affect estate tax deductions.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},304839,1790436822,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},962085564381,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Post-Mortem Estate Planning  \nJeremiah W. Doyle IV, Esq. Senior Vice President BNY Mellon Wealth Management Boston, MA[jere.doyle@bnymellon.com](jere.doyle@bnymellon.com)[ ](jere.doyle@bnymellon.com)March, 2018  \n\n| Agenda |  |  |  |  |  |\n| --- | --- | --- | --- | --- | --- |\n| ▪ | Final 1040 Elections | ▪ | Charitable Contributions | ▪ | Gift Splitting |\n| ▪ | Protecting the Fiduciary | ▪ | Administration Expense Election | ▪ | GST Planning |\n| ▪ | Compressed Income Tax | ▪ | Section 643(e) Election | ▪ | Disclaimers |\n|  | Rates for Estates and Trusts | ▪ | Portability Election | ▪ | Death of a Partner |\n| ▪ | Election of Estate’s Fiscal Year End | ▪ | Alternate Valuation Election | ▪ | S Corporation Stock |\n|  |  | ▪ | Special Use Valuation | ▪ | QSST |\n| ▪ | Section 645 Election | ▪ | Estate Tax Deferral | ▪ | ESBT |\n| ▪ | 65 Day Rule | ▪ | QTIP Election |  |  |\n| ▪ | Allocation of Estimated Taxes | ▪ | QDOT |  |  |\n\nFinal 1040 – Filing Status  \n▪ D and surviving spouse may file a joint return. §6013(a)(2) .  \n▪ Surviving spouse includes income and deductions for his/her entire year and the D’s income and deductions from January 1 to D/D. Reg. 1.6013-1(d)(1) .  \n▪ If executor and surviving spouse file a joint return, it is due on the normal due date e.g. April 15. Reg. 1.6072-1(b) .  \n▪ Remember, a joint return means joint and several liability for tax  \n▪ Executor may want to file separate return for D if spouse’s reporting is questionable  \nFinal 1040 – Filing Status  \n▪ Conditions precedent to filing a joint return:  \n▪ There is a surviving spouse  \n▪ Tax year of D and surviving spouse is the same  \n▪ Surviving spouse has not re-married before the end of the year. Reg. 1.6013-1(d) .  \nFinal 1040-Planning  \n▪ If D has substantial deductions and less income than the surviving spouse, filing a joint return enables the surviving spouse to take advantage of those deductions including the D’s NOL, charitable contribution C/O and capital loss C/O. Rev. Rul. 74-175, 1974-1 C.B. 57.  \n▪ If estate distributes D’s income to surviving spouse, filing a joint return may save income taxes.  \nFinal 1040 – Medical Expenses  \n▪ Section 212(c)– executor can deduct medical expenses on the decedent’s final 1040 for the year the expense was incurred if paid by the estate within one year of death  \n▪ Election filed in duplicate and includes the statement that a deduction not taken on Federal estate tax return and waives the right to claim them on the estate tax return.  \n▪ Medical expenses not taken on the decedent’s final 1040 can betaken on the Federal estate tax return.  \n▪ Medical expense deductible on the 1040 to the extent they exceed 7.5% of AGI (10% of AGI after 2020) .  \nFinal 1040-Series E/EE Bonds  \n▪ Cash basis decedent  \n▪ GR: interest on Series E bonds reported when received  \n▪ Election: Taxpayer may elect to include increment of Series E bonds in gross income  \n▪ Once election is made, taxpayer must continue to report increment of Series E bond interest  \n▪ If cash basis decedent made election during life to report increment in value of Series E bonds then his final 1040 must be filed on that basis  \n▪ D’s heirs not stuck with D’s election. Rev. Rul. 58-435, 1958-2 C. B. 370; Rev. Rul. 64-104, 1964-1 C. B. 223.  \nFinal 1040-Series E/EE Bonds  \n▪ Cash basis decedent  \n▪ Final 1040  \n▪ If no election made during life, executor has two options:  \n▪ Continue to report Series E Series bond interest as it is received  \n▪ Make election to report increment in value of Series E bonds on D’s final 1040. Section 454(a) .  \n▪ Will increase estate tax deduction for D’s final tax liability  \nFinal 1040-Series E/EE Bonds  \n▪ Note:  \n▪ Post death election to report accrued Series E/EE bond interest applies to interest accrued up to date of death.  \n▪ If no election to report accrued Series E/EE bond interest on the final 1040, the interest accrued to date of death is income in respect of a decedent.  \n▪ If election is made to report the accr","cbCaihG4RgW6rlsE","https://ap.wps.com/l/cbCaihG4RgW6rlsE","pdf",860099,108,"English","# Agenda\n## Final 1040 Elections\n## Filing Status\n## Medical Expenses\n## Series E/EE Bonds\n## Losses and Carryovers","[{\"question\":\"When can the executor file a joint return on the decedent’s final 1040 with the surviving spouse?\",\"answer\":\"A joint return may be filed when there is a surviving spouse, the tax year of both spouses is the same, and the surviving spouse has not re-married before year-end. The return is due on the normal due date if a joint return is filed.\"},{\"question\":\"How are medical expenses handled for the decedent’s final 1040?\",\"answer\":\"Section 212(c) allows a deduction for medical expenses on the decedent’s final 1040 for the year incurred if paid by the estate within one year of death. Certain elections and duplicate election filing requirements are referenced, and deductions are subject to an AGI-based threshold.\"},{\"question\":\"What reporting options exist for Series E/EE bonds after death?\",\"answer\":\"For a cash basis decedent, interest is generally reported when received, but an election can include increments in gross income. If no election was made during life, the executor can either continue reporting interest when received or elect to report the increment on the decedent’s final 1040, which can affect estate tax deductions.\"}]","Post-Mortem Estate Planning - Agenda - Final 1040 Elections | PDF",1789818367,38]