Hello Experts,
I’m the executor my mom’s estate in NJ for which generated $303 in dividends in 2022. irs.gov states that form 1041 does not have to be filed if income generated is below $600. Looking at the form, it appears I am required to fill it out to close the estate with a 10% tax on the income above $0.00. Any guidance if I am required to file form 1041 would be greatly appreciated. Unfortunately, I have Turbo Tax premier (need business for Form 1041), otherwise I would have used Turbo Tax to guide me with this question.
Thank you in advance,
Dave
