My father passed in mid year and received interest and dividends after death. Instructions for form 1041, p 19, state to enter the total amounts on 1040 Sched B, and then subtract the post-death amounts. How do I do this in Turbo Tax?
Thanks
To adjust Schedule B for interest received after death in the TurboTax software,
Where does the adjustment for interest received after death show up on the Schedule B? We entered it, but don't see it anywhere.
The adjustment amount entered using the steps shown above will show up on the Schedule B in Part 1 - Interest Income. It will be labeled as Other Adjustments with a negative interest amount reported.