[WSBAPT] Immediate transfer on death/1041 income

[Mike Zeno]

I have been scratching my head about this one:

Securities are held in a way that title transfers immediately on death-joint tenancy with right of survivorship, transfer on death, whatever.   Probate is opened because there are some assets that are not nonprobate assets.  Securities earn dividend income while the estate is open.  Is this income of the estate, reportable on the 1041?  Or since securities never passed through the estate, is that not the case, and post-death income simply reported on 1040 of survivor?

???

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