Question

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?

Answer

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.

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