May 16, 2021

MP Now News

Mortgage News

Reverse mortgage an option based on cash flow needs

Q: My father died in late 2019, leaving some Series E savings bonds that he was unable to redeem in his final days. It took me well into 2020 to redeem these bonds after filing his final tax return. I recently received 1099 interest on these bonds. As the executor and sole heir, am I responsible for the tax on this interest? – TL, St. Cloud