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.

Related Topics

Related Resources

I have a question about Form 1099-R Box 7 — How can I tell from my Form 1099-R if my distribution came from a SEP, IRA,

Learn how to tell from your Form 1099-R if your distribution came from a SEP, IRA, or SIMPLE plan with tips from the tax experts at H&R Block.

We didn’t give a W-2 or a 1099 to our babysitters who work in our home. Are we required to do so?

Does your babysitter or nanny need a W-2 or 1099. Discover which option is right for your household. Get tax answers at H&R Block.

Filing Taxes for the Deceased – Form 1041 & More

Learn more about filing taxes for a deceased person and handling beneficiary assets with the tax experts at H&R Block.

Local And State Tax Refund Taxable

Did you receive Form 1099-G? Learn about your local and state tax refund and if it is taxable from the experts at H&R Block.