estate

[dad19]

estate form 1041 or my personal tax return

i received a pod from my father and all cash accounts pertaining to my father were set as a pod to me and my 2 sisters which left the estate with no cash flow other than me the executor to pay back certain debts on my fathers behalf, the  will was contested and found to be legal which left me to distribute   money to 2 grandchildren and was paid by me in 2019 to a lawyers trust acct / 1 were do i file this money on my personal return or from my dads 1041 k-1 form beneficiary and when do they have to receive this k-1 form if so my dads date of death was 04/19/2019  thank u in advance for your help/ i am a court appointed  executor for my father     since my dad did not allocate monies to them and will states no loss to me and the need to send them a k-1 form   i am  lost as to where i would but this information  signed running out out of time if i send a k-1 from my dads 1041 form there would be excessive monies that my dad did not have allocated

[dad19]

i received a pod from my father and all cash accounts pertaining to my father were set as a pod to me and my 2 sisters which left the estate with no cash flow other than me the executor to pay back certain debts on my fathers behalf, the  will was contested and found to be legal which left me to distribute   money to 2 grandchildren and was paid by me in 2019 to a lawyers trust acct / 1 were do i file this money on my personal return or from my dads 1041 k-1 form beneficiary and when do they have to receive this k-1 form if so my dads date of death was 04/19/2019  thank u in advance for your help/ i am a court appointed  executor for my father     since my dad did not allocate monies to them and will states no loss to me and the need to send them a k-1 form   i am  lost as to where i would but this information  signed running out out of time if i send a k-1 from my dads 1041 form there would be excessive monies that my dad did not have allocated

[DianeC958]

Since the money your received from your father was cash in his various accounts it is not reportable income to you or anyone you distributed the income to.  The income in his checking account, savings account, money market account or stock account are all after tax dollars so they are not taxable income to the beneficiaries. Things that the estate would need to report is if he left a house or retirement accounts that are not Roth.  If all he left were cash accounts then the form 1041 is not required to be filed.

If you do need to file the form 1041 it typically it is required within 9 months of the date of death.

Death in the Family

[Anonymous_]

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@DianeC958 wrote:

If you do need to file the form 1041 it typically it is required within 9 months of the date of death.

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Form 706 (estate tax return), if required, is due within 9 months after the date of the decedent's death.

Form 1041 (income tax return for estates and trusts) is due April 15th (July 15th for 2019 Fed 1041 and see link below for state dues for 2019) for calendar year estates/trusts or by the 15th day of the 4th month following the close of the tax year for fiscal year estates/trusts.

TurboTax - 2019 State Tax Updates

[Edited 3/25/20 to reflect IRS and State extended due dates for 2019 tax year]