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#2186925 - 07/26/18 02:47 PM Interest after death
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 362
Midwest
Customer dies as sole owner with six POD's on interest-bearing account. Is the interest after death stopped or is the interest accrued after date of death reported on the decedent’s SSN or beneficiary’s SSN?

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#2187004 - 07/26/18 06:33 PM Re: Interest after death Susielou
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 362
Midwest
Thoughts?

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#2187014 - 07/26/18 06:48 PM Re: Interest after death Susielou
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
The customer is dead. When you are dead, you do not earn interest. Interest is reported from the date of death under either the beneficiaries or the estate.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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