I have a question about when to file Form 1041. I was the beneficiary and fiduciary for an estate. The estate had less than $600 income in 2016, so I didn’t file a return. The estate closed in 2017. Do I need to file a final estate tax 1041?
Regarding when to file Form 1041, if the estate didn’t have income more than $600, you don’t need to file a return for it.
File estate tax Form 1041 in the year the estate closed. Make sure you mark the Final return box on the face of the return. Also, check the Final K-1 box at the top of Schedule K-1.
Related Resources
The IRS adjusted your Shared Responsibility Payment and you owe taxes. Learn about notice CP22H and how to address it with help from the experts at H&R Block.
The IRS has made a decision about your innocent spouse claim. Learn more about letter 3016 and how to address it with help from the experts at H&R Block.
An installment agreement has been set up for your tax balance due. Learn about IRS letter 2840C and get the facts from the tax experts at H&R Block.
Don't confuse the IRS and make your situation worse by filing an amended return when you shouldn't. Learn more from the tax experts at H&R Block.
