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I am filing a 1041 for a decedent's estate and have a few
I am filing a 1041 for a decedent's estate and have a few quick questions:1. The estate has a fiscal year of October 2016 to September 2017. Would I use the 2016 1041 form or the 2017 1041 form to mak… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
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For a Form 1041(estate of decedent) fiscal year ending in
For a Form 1041(estate of decedent) fiscal year ending in Feburary 28, 2018 and started at March 26, 2017, would this be considered a short year, as it is the initial year? Also, since the return is n… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
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I am and executor for an estate. Funds were distributed,
I am and executor for an estate. Funds were distributed, some in 2017 and some in 2018. I need to know if I need to file taxes for this year or next, since all tax liability should be passed to the be… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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I had a distribution from my mother's estate in 2017. I have
I had a distribution from my mother's estate in 2017. I have a form Schedule K-1 (Form 1041 2016. I did not see where this information regarding income and excess deductions are listed … read more
Arthur Rubin
Arthur Rubin
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I am preparing 1041 return for my mother's estate and I have
I am preparing 1041 return for my mother's estate and I have some questions … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,081 satisfied customers
I am in the process of closing out an Estate and have a few
I am in the process of closing out an Estate and have a few items I need help with:- The estate currently owns 100% of an s-corp. Does the estate pay taxes on the earnings of the s-corp or do they flo… read more
PDtax
PDtax
Owner
Master's Degree
4,303 satisfied customers
My mom died on 10/18/2016 her spouse my father died on
My mom died on 10/18/2016 her spouse my father died on 01/09/2017. My mom did not have a will or trust. I was established as the personal representative and or executor of my mom's estate in March 201… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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I'm the executor for an estate where the decedent passed
I'm the executor for an estate where the decedent passed away on 7/8/2016, but her house was not sold until Jan 2017. Proceeds from the sale are under $150k. There is also an expected inheritance due … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I am the pers rep for my mom's estate. We have an EIN (I
I am the pers rep for my mom's estate. We have an EIN (I erroneously set it up for calendar year filing). No income from the estate (estate had adjusted total income from form 1041, line 17 of $8,700)… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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My mom passed away in June. I am the executor. The
Hi, my mom passed away in June. I am the executor. The inheritance tax return has been prepared and filed. At a certain point I will be able to distribute the funds to the beneficiaries who are made u… read more
Barbara
Barbara
Enrolled Agent, Paralegal
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I am trustee 's estate and filing Final Return (Form
I am trustee for father's estate and filing Final Return (Form 1041). There was no income from the estate, the few assets were liquidated and distributed among 4 beneficiaries. With no income or deduc… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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I am preparing a 1041 for 2010 (fiscal year) for a decedents
I am preparing a 1041 for 2010 (fiscal year) for a decedent's probate estate. The gross income (interest, dividends, capital gains, IRA distributions) is $81,230. The will provides for the residuary e… read more
William Ellis, CPA
William Ellis, CPA
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I have 5 siblings. Father died Feb 2009. Sister is Executrix.
I have 5 siblings. Father died Feb 2009. Sister is Executrix. We rented his house for a few months and made about $1800. I know we have to show that in the 1041. Do we have to worry about any sch Ks f… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
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My 83 yo uncle died 8/08. As executor I filed a 1040 and 1041
My 83 yo uncle died 8/08. As executor I filed a 1040 and 1041 for 08. During 08, liquidation of all stocks, some life insurance/annuities. Now in 2009, sale of house, liquidation of one employer death… read more
Lev
Lev
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Bachelor's Degree Equivalent
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In the state of Missouri, I received $13,041 in an estate residuary
In the state of Missouri, I received $13,041 in an estate residuary payment. Is that payment reported on a Schedule K-1 (1041), block 5? When preparing the estate final 1041, does any Sch K-1 amount g… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
My mom passed away and left a will that all assets will be
My mom passed away and left a will that all assets will be divided among her three children. There were bank accounts and a money market account and a life insurance policy that we all split up evenly… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,789 satisfied customers
If the decedant estate has 1099 income, dividends and capital
If the decedant estate has 1099 income, dividends and capital gains in 2009 I know I need to file a 1041 Estate Income Tax Return form the date of death until 12/31/09. In addition, I need to file a d… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I am preparing a 1041 where the beneficiary died on 8/23/08.
I am preparing a 1041 where the beneficiary died on 8/23/08. How do i prepare the final 1041 and what else is there to do for after death accounting?… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
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