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Get your taxes done using TurboTax
thank you for the response.
Now for the "dumb questions". In previous filings I engaged a tax attorney who handled my fathers and the estates tax filings. His rates, while generally reasonable, will be significantly more than the total interest received. I was hoping to do this my self and avoid the unnecessary cost. I thought we had closed the estate in 2023 as there is no more trust income and only distributions through the trust.
1. It I understood you solution correctly, the solution offered is to use form 1096 to reassign the 2020 Interest issued to my father's SSN to the estate TIN. The amount involved is $205. Second step is to file the $205 using 1041. I do not understand how to complete the 1096 much less then "tie" the transfer to the 1041
2. For the 1099 issued to the Trust (amount of $30), file a second 1041 for the amount of interest income and offset that amount with the legal/accounting expense associated with preparing the 2022 Trust return
Given the small amounts involved and the fact that no tax be owed on the amounts, can I simply do the following:
For the 1099 (amount $205) issued to the SSN, use a 1040 and mark final
For the 1099 (amount $30) complete the 1041 and mark final