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Level 1
March 18, 2022
Question

Does anyone knows how to do a rights or things return, when you have filed final return for a deceased last year but the deceased got some more income this year from dividend and capital gains

  • March 18, 2022
  • 1 reply
  • 6 views

Does any one knows how to do on profile a rights or things return, when final tax return for deceased was done last year but this year the deceased still got income from dividend and capital gain

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1 reply

Level 7
March 18, 2022

You can only do a Rights and Things return if the dividend etc that they received were earned (that is, declared) prior to death but received after death.  If they were, instead, amounts paid to the Estate of the deceased after death, then you have to do a T3 return.  If it is a Rights and Things return, then I believe in Profile you just mark it as an "Elective deceased return" on the Info screen under Filing (right hand column), and then on the T1 itself write "Rights and Things" on the blank space at the top of page one.

Level 4
March 18, 2022

Agree with Janis answer.  No rights and things.....income earned after death requires a T3 return or perhaps it may go on the beneficiary return