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I am confused with Decedent Estate return versus trust
i am confused with Decedent Estate return versus trust return as Trustee..what is the difference. … read more
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I am trying to find answers regarding Estate Income Tax 1041
I am trying to find answers regarding Estate Income Tax 1041 filing and probate close timing. as a personal representative am trying to determine if probate can close prior to filing decedents estate … read more
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My client's dad passed on aaUGUST 4, 2017. He had a home
My client's dad passed on aaUGUST 4, 2017. He had a home worth $425,000 and $208,000 in the bank. No estate returns have been filed although the estate attormey obtained an EIN for the estate. ON 4/16… read more
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My father passed away in November & he had a revocable
My father passed away in November & he had a revocable family trust. As one of the successor trustees I'm filing the 1041. The only asset in the trust was my father's home. We sold the home & there wa… read more
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In 2016 Husband & Wife passed away 2 month apart. The
In 2016 Husband & Wife passed away 2 month apart. The Husband passed last in June of 2016. Year end of 2016 decedent (husband) received 3 1099-R's with distribution code 4 & 7 D - Two of the three are… read more
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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
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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
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A trustee cashed in an ira but didn't distribute funds to
A trustee cashed in an ira but didn't distribute funds to the beneficiaries before the end of the year … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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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 Income Tax Expert
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
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My father passed away last year. One month before he died s
My father passed away last year. One month before he died his house was sold which was in a family revocable trust so the proceeds went to the trust. I am the executor of my father's estate and an ind… read more
Lane
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My mom passed away 10/18/15. Most of her assets are in a
My mom passed away 10/18/15. Most of her assets are in a trust in a brokerage account. I am trustee. total assets are less than 1M. The trust is in her SS# ***** are the tax returns I file each year (… read more
Lev
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Mom had her house in a liv rev trust, she passed away, I
Mom had her house in a liv rev trust, she passed away, I sold her house and proceeds, $195K, went into a new bank account w/trust same name, new TIN, new trustee, me, her only child and only heir. No … read more
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what if form 8855 was not filed and the trust is electing 645,
what if form 8855 was not filed and the trust is electing 645, do we just file with the return… read more
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I have a client that had her home placed in an irrevocable
I have a client that had her home placed in an irrevocable trust. She passed away in 2012. There were 2 beneficiaries. They sold the home in 2013. Where do I show the sale of the home and is there any… read more
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Taxpayer died May 13 with a trust, the estate had 2 pensions
Taxpayer died May '13 with a trust, the estate had 2 pensions & social security which will be reported on the final 1040. The trust has 3 IRA 1099r's. The trust could use a fiscal year and file the tr… read more
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There is a revocable trust which became irrevocable upon grantors
There is a revocable trust which became irrevocable upon grantor's death in late Dec 2010. Should the initial trust return be filed for just those few days in Dec 2010 even though there was no activit… read more
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My mom had a grantor trust and died June 2009 and trust became
My mom had a grantor trust and died June 2009 and trust became irrevocable. I am the trustee required to liquidate and distribute her assets to children and grandchildren. There is a small amount of i… read more
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