Return-Path: Delivered-To: kelly.andrews@tessol-inc.com Received: from gator4254.hostgator.com by gator4254.hostgator.com with LMTP id oIKtG/SEsGTQ6AoAcizydQ (envelope-from ) for ; Thu, 13 Jul 2023 18:12:52 -0500 Return-path: Envelope-to: kelly.andrews@tessol-inc.com Delivery-date: Thu, 13 Jul 2023 18:12:52 -0500 Received: from [50.39.218.19] (port=52321 helo=smtpclient.apple) by gator4254.hostgator.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384 (Exim 4.96) (envelope-from ) id 1qK5US-0039EP-0x; Thu, 13 Jul 2023 18:12:52 -0500 Content-Type: multipart/alternative; boundary=Apple-Mail-074BEE5E-DF82-49A0-96E1-E755B22BA5E8 Content-Transfer-Encoding: 7bit From: Kelly Andrews Mime-Version: 1.0 (1.0) Subject: Re: Fidelity 2022 1099 Info for Cody Message-Id: <55C8C339-C075-4F6D-A1AF-72030341C517@tessol-inc.com> References: In-Reply-To: To: "Thieme, Daniel" Date: Thu, 13 Jul 2023 16:12:50 -0700 X-Mailer: iPhone Mail (19G82) --Apple-Mail-074BEE5E-DF82-49A0-96E1-E755B22BA5E8 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: quoted-printable Yep. Sorry. Just in a hurry when I sent it and forgot=20 Sent from my iPhone > On Jul 11, 2023, at 5:31 PM, Thieme, Daniel wrote: >=20 > =EF=BB=BF Thanks! Please try to keep me copied on what you send her, and w= hat she sends to you, so we can all stay on the same page. >=20 > Sent from my iPhone >=20 >>> On Jul 11, 2023, at 6:59 PM, Kelly Andrews wrote: >>>=20 >> =EF=BB=BF >> [EXTERNAL E-MAIL] >>=20 >> =20 >>=20 >> Got it. She already has the statements and updated 1099 info. My explanat= ion to her was shorter but contained most of what yours says. I=E2=80=99ll s= end this explanation on to her for any details that were not clear in my exp= lanation.=20 >>=20 >> Sent from my iPhone >>=20 >>> On Jul 11, 2023, at 1:21 PM, Thieme, Daniel wrote:= >>>=20 >>> =EF=BB=BF >>> Hi, Kelly. Here is what I suggest you pass on to Cody to address the Fi= delity 2022 1099. Let me know what you think. >>> =20 >>> DRAFT >>> =20 >>> I have uploaded the amended 2022 1099 from Fidelity that we just receive= d. Fidelity has amended the 1099 to update the basis of the stocks that wer= e held in that account on the date of death, but they won=E2=80=99t split th= e 1099 between pre-death and post-death periods. >>> =20 >>> Roger=E2=80=99s date of death was 11/06/22. I have uploaded the Novembe= r and December Fidelity account statements. I think those will give you wha= t you need to determine what portions of the activity shown on the 2022 1099= should be split off and applied to the post-death period, attributable to t= he Roger Living Trust EIN 2022 income tax return, with the balance of the ac= tivity shown on the 1099 being attributable to Roger=E2=80=99s pre-death inc= ome tax return for 2022. If you need more information, please let us know. >>> =20 >>> All of the 2022 sales of securities that occurred in the post-death peri= od settled on 11/09/22 and are shown on the November statement.=20 >>> =20 >>> With regard to margin interest, look at page 9 of the November 2022 Fide= lity statement, where it shows that $10,321.32 of margin interest accrued fr= om 11/04 =E2=80=93 11/20/22. The margin loan was only outstanding through 1= 1/09/22, which is the date all the security sales settled and paid off the m= argin loan. Our thought is that half of the $10,321.32 of interest that acc= rued starting 11/04/22 should be attributed to the pre-death income tax retu= rn, as having accrued from 11/04/22 =E2=80=93 11/06/22, and the other half s= hould be attributed to the post-death, Roger Living Trust EIN return, as hav= ing accrued from 11/07/22 =E2=80=93 11/09/22. >>> =20 >>> Note that the Apple stock dividends that were recorded on 11/10/22 in al= l three brokerage accounts (Fidelity, Interactive Brokers and Edward Jones) a= re applicable to the pre-death period (Roger=E2=80=99s SSN), because they we= re declared ex-dividend on 11/04/22. >>> =20 >>> Dan=20 >>> =20 >>> =20 >>>=20 >>> -------------------------- >>> This email may contain confidential and privileged material for the sole= use of the intended recipient(s). Any review, use, distribution or disclosu= re by others is strictly prohibited. If you are not the intended recipient (= or authorized to receive for the recipient), please contact the sender by re= ply email and delete all copies of this message. >>>=20 >>> Littler Mendelson, P.C. is part of the international legal practice Litt= ler Global, which operates worldwide through a number of separate legal enti= ties. Please visit www.littler.com for more information. >>>=20 >>> >>> >>> <2022 Form 1099 Fidelity Not Split Amended.pdf> >=20 > -------------------------- > This email may contain confidential and privileged material for the sole u= se of the intended recipient(s). Any review, use, distribution or disclosure= by others is strictly prohibited. If you are not the intended recipient (or= authorized to receive for the recipient), please contact the sender by repl= y email and delete all copies of this message. >=20 > Littler Mendelson, P.C. is part of the international legal practice Little= r Global, which operates worldwide through a number of separate legal entiti= es. Please visit www.littler.com for more information. >=20 --Apple-Mail-074BEE5E-DF82-49A0-96E1-E755B22BA5E8 Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable Yep. Sorry. Just in a hurry when I sent it a= nd forgot 

Sent from my iPhone

On Jul 11, 2023, at 5:31 PM, Thieme, Dan= iel <DThieme@littler.com> wrote:

=EF=BB=BF Thanks!  Please try to keep me copied on what you send her, and what sh= e sends to you, so we can all stay on the same page.

Sent from my iPhone

On Jul 11, 2023, at 6:59 PM, Kelly Andrews <kel= ly.andrews@tessol-inc.com> wrote:

=EF=BB=BF

[EXTERNAL E-MAIL]

 

Got it. She already has the statements and updated 1099 info. My explan= ation to her was shorter but contained most of what yours says. I=E2=80=99ll= send this explanation on to her for any details that were not clear in my e= xplanation. 

Sent from my iPhone

On Jul 11, 2023, at 1:21 PM, Thieme, Daniel <DT= hieme@littler.com> wrote:

=EF=BB=BF things we need from you

Hi, Kelly.  Here is what I suggest you pass on t= o Cody to address the Fidelity 2022 1099.  Let me know what you think.<= o:p>

 

DRAFT

 

I have uploaded the amende= d 2022 1099 from Fidelity that we just received.  Fidelity has amended t= he 1099 to update the basis of the stocks that were held in that account on t= he date of death, but they won=E2=80=99t split the 1099 between pre-death and post-death periods.

 

Roger=E2=80=99s date of de= ath was 11/06/22.  I have uploaded the November and December Fidelity a= ccount statements.  I think those will give you what you need to determ= ine what portions of the activity shown on the 2022 1099 should be split off and applied to the post-death period, attributable= to the Roger Living Trust EIN 2022 income tax return, with the balance of t= he activity shown on the 1099 being attributable to Roger=E2=80=99s pre-deat= h income tax return for 2022.  If you need more information, please let us know.

 

All of the 2022 sales of s= ecurities that occurred in the post-death period settled on 11/09/22 and are= shown on the November statement. 

 

With regard to margin inte= rest, look at page 9 of the November 2022 Fidelity statement, where it shows= that $10,321.32 of margin interest accrued from 11/04 =E2=80=93 11/20/22.&n= bsp; The margin loan was only outstanding through 11/09/22, which is the date all the security sales settled and paid off the= margin loan.  Our thought is that half of the $10,321.32 of interest t= hat accrued starting 11/04/22 should be attributed to the pre-death income t= ax return, as having accrued from 11/04/22 =E2=80=93 11/06/22, and the other half should be attributed to the= post-death, Roger Living Trust EIN return, as having accrued from 11/07/22 =E2= =80=93 11/09/22.

 

Note that the Apple stock d= ividends that were recorded on 11/10/22 in all three brokerage accounts (Fid= elity, Interactive Brokers and Edward Jones) are applicable to the pre-death= period (Roger=E2=80=99s SSN), because they were declared ex-dividend on 11/04/22.

 

Dan 

 

 


--------------------------
This email may contain confidential and privileged material for the sole use= of the intended recipient(s). Any review, use, distribution or disclosure b= y others is strictly prohibited. If you are not the intended recipient (or a= uthorized to receive for the recipient), please contact the sender by reply email and delete all copies o= f this message.

Littler Mendelson, P.C. is part of the international legal practice Littler G= lobal, which operates worldwide through a number of separate legal entities.= Please visit www.littler.com for more information.

<Fidelity 443 22 11 30.pdf>
<Fidelity 443 22 12 31.pdf>
<2022 Form 1099 Fidelity Not Split Amended.pdf>

--------------------------
This email may contain confidential and privileged material for the sole use= of the intended recipient(s). Any review, use, distribution or disclosure b= y others is strictly prohibited. If you are not the intended recipient (or a= uthorized to receive for the recipient), please contact the sender by reply e= mail and delete all copies of this message.

Littler Mendelson, P.C. is part of the international legal practice Littler G= lobal, which operates worldwide through a number of separate legal entities.= Please visit www.littler.com for more information.

=20
= --Apple-Mail-074BEE5E-DF82-49A0-96E1-E755B22BA5E8--