My father died in 2015. His wife handled tax paperwork and died in 2023. In 2023, I obtained a new EIN in Oct. 2023 for my father's estate since there were a few assets that were still in his name. I know I need to submit a 1041. Is this for partial year beginning in Oct?
I have 2 tax documents addressed to the estate which seems straightforward for a 1041.
There was a stock in a Fidelity account which was transferred directly to 2 beneficiaries. The only Tax Statement from Fidelity I received is in my father's name (not the estate). It has less than $200 in div and interest and $10 cap. gain due to cash in lieu for a partial share. It also has $44 in Federal Income Tax withheld. Do I enter any of these values for the 1041?
In previous posts, I saw mention of entering "income in respect of decedent" as "Other income" but a more recent post, was about a nominee recipient filing documents with IRS which requires a -INT, -DIV and -B.
I don't think I need to do a 1040 since he died in 2015 and one was done then.
I know that Fed. Income Tax was withheld for a few years from this account and that a 1041 was not done for all of the years since my father's death. How would I get the Federal Income Tax that was withheld? Will it be complicated and create more issues in resolving it than it is worth?
Thank you.
