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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 585
Experience:  10 years experience
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I'm estate administrator. The deceased had a 401K with no

Customer Question

I'm estate administrator. The deceased had a 401K with no beneficiary. It is going to the estate. It is $3,800. It will be passed to the sole heir. Does this count as "income" to the estate? Do I have to file 1041 because it exceeds $600?
JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?
Customer: I don't think so
Submitted: 11 months ago.
Category: Tax
Expert:  Mark Taylor replied 11 months ago.

Hi my name is Mark. I will be happy to help you with your questions. Do you know if the plan administrator would pay the 401K to a default beneficiary (spouse or child)?