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
You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Joan2k
New Member
ruppll
New Member
txchentax
New Member
ilove6220
New Member
Think57
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.