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Get your taxes done using TurboTax
OK, I guess I wasn't clear :
- He *IS* the Trustee of the estate. (he and his brother both are) We printed out a 1041 form the IRS site last night (TTax Home Business doesn't seem to have this form? ) So he Must file a 1041 to the FED, right? They distributed funds to siblings from the proceeds of the house sell & closing of all accounts.
- Do we/he need to Send a form of some sort to the recipients/siblings of the funds they distributed? Which Form ? Again, TTAX doesn't seem to have anything in software that specifies this.
- Lastly, he & his brother (Trustees) ALSO received money from the estate. Do they both have to submit a form to the IRS for inheritance RECEIVED? Nothing in TTAX points us to this or any specific form.
‎February 4, 2024
3:05 PM