Hello,
Parent passed away in Aug 2024. The estate would only have interest/div income.
Get 1099 for the parent. Calculated portion applicable to the estate (after the date of death).
The estate interest/div income would be less than $600.
Understand that I would not be required to file 1041.
But suppose I file it anyway, what would be total taxable income?
Line 23 Taxable income. Subtract line 22 from line 17. If a loss, see instructions.
Line 17 is like $19 and line 22 is $600 (exemption).
Would taxable income be simply $19 in this case? Instruction is not quite clear.😂
