Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Executor
Returning Member

Split 1099 misc income between a personal return (1040) and trust return (1041)

My sister passed in 2017. She received two 1099 misc with her SSN that need to be split between her final 1040 and the trust's 1041. Using Turbo Tax home and business, how do I enter the full amount in the 1040 and back out the amount that needs to go into the Trust return (Turbo Tax Business - Trust).  

1 Best answer

Accepted Solutions
MichaelL1
Level 15

Split 1099 misc income between a personal return (1040) and trust return (1041)

If the 1099Misc is business income, then report the entire 1099Misc in the income section.

In the expense area under Misc Expenses make an entry like this:

Due to passing away on X date, the amount reported on 1041 is:  Then enter the dollar amount as an expense.  

If not a business income, say it is a 1099INT for $300, just report the correct amount on the 1040 for $XX dollars.  The 1099 will not match the return but IRS will see the deceased on the return as this is common for the 1099's not to fully match in this case. 

View solution in original post

1 Reply
MichaelL1
Level 15

Split 1099 misc income between a personal return (1040) and trust return (1041)

If the 1099Misc is business income, then report the entire 1099Misc in the income section.

In the expense area under Misc Expenses make an entry like this:

Due to passing away on X date, the amount reported on 1041 is:  Then enter the dollar amount as an expense.  

If not a business income, say it is a 1099INT for $300, just report the correct amount on the 1040 for $XX dollars.  The 1099 will not match the return but IRS will see the deceased on the return as this is common for the 1099's not to fully match in this case. 

Dynamic AdsDynamic Ads
Privacy Settings
v