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If filing 1041 for decedent dying on 03/31/17 is the start
If filing 1041 for decedent dying on 03/31/17 is the start date of fiscal return 03/31/17 so end date is 02/28/18 or is date of estate 04/01/17 so end date of fiscal year becomes 03/31/18 and return f… read more
Barbara
Barbara
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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
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PDTax need assistance. On a 1041 there is a Decedent's
PDTax need assistance. On a 1041 there is a Decedent's Estate Created at time of death. First year of death 2016. A final 1040 return was filed for year of death 2016. There was a RVOC trust created i… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
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It is the final return. Now, There is a Family RVOC Living
it is the final return. Now, There is a Family RVOC Living Trust. However, the Successor Trustee applied for an EIN for the decedent's estate instead of the Family RVOC Living Trust. All funds receive… read more
Lev
Lev
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In 2017, a CA probate both spent $100k on expenses and
In 2017, a CA probate both spent $100k on expenses and withdrew $120k from the descendant's 401(k). The probate will close in 2018. Do we have to file a Form 1041 Decedent's Estate in 2017 or do we wa… read more
Tax.appeal.168
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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
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Bachelor's Degree Equivalent
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I am executor of my moms estate. I sold two properties but
I am executor of my moms estate. I sold two properties but no capitol gains. No income for this year. I have home to sell and then will close out. Do I need to file this year since no income to report… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My Mom passed away in 2014. I am the sole heir (no siblings)
Hi, My Mom passed away in 2014. I am the sole heir (no siblings) and executor to my her estate. I filed my Mom's final 1040 last year. In addition I filed a 1041 for the estate (under an estate Tax ID… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,988 satisfied customers
Name is ***** *****. Working on a form 1041 , Seeking
Seeking deductions for the year...two expenditures in question...one was court ordered payment of a medical bill of the decedent...second was payoff of a mortgage on the decedent's residence which was willed to her son. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,988 satisfied customers
My name is ***** ***** and I have a question regarding
Hi, my name is ***** ***** and I have a question regarding deductions on a final 1041 for an estate. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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my sister got a distribution of about 100000 tax form 1099r
my sister got a distribution of about 100000 tax form 1099r to her estate the only income besides selling a house . medicare challenged the will and got 33000 for her husband who is in a care facility… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My Aunts companion passed away in 2009 with a small estate.
My Aunt's companion passed away in 2009 with a small estate. In October of 2011 and again in September 2012, his former employer sent him taxable pension distributions in the amount of $30,100 and $1,… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
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If my distribtion to beneficiaries ofa small estate for which
If my distribtion to beneficiaries ofa small estate for which I am th Dependent Administrator makes a 100,000.00 distribution and only 50,000.00 of it is taxable; that is 50,000.00 is reported on the … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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If decedent died on October 31, 2011, can the estate have a
If decedent died on October 31, 2011, can the estate have a fiscal year for 1041 purposes that ends 10/31/12. Since the fiscal year must be 12 months or less and end on last day of month and generally… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have read that the administrator of the estate must file
I have read that the administrator of the estate must file all final taxes for the decedent. What if the decedent was married, would taxes not be filed by spouse? Are taxes filed immediately after est… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
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Filling out a form 1041. Decedents estate. I have a question
Filling out a form 1041. Decedent's estate. I have a question on basis of a piece of equipment that was used on a farm buisness years ago so it has been depreciated out on Dads farm long ago. Dad pass… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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If an estate has $699.00 in interest income and no other ...
If an estate has $699.00 in interest income and no other income (other amounts are cash accounts, etc.) and there are attorney fees approximately $5,000, would this be reported as a loss on the 1041 f… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,988 satisfied customers
My mother died in 2005. She had a trust. We distributed ...
My mother died in 2005. She had a trust. We distributed most of the money in the trust in 2006. However, there is still some money in the trust that earned interest income during 2006. How do we file … read more
Christopher Phelps
Christopher Phelps
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