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Get your taxes done using TurboTax
Just want to clarify that your parent's estate need to file a "Fiduciary" tax return, Form 1041, for the $2,900 interest income, not an "Estate" tax return, Form 706. You probably have more luck buying the 2023 TurboTax Business software from eBay.
Since it's a "final" Form 1041 tax return, the $2,900 income, net of any deductions and the $600 exemption, will be distributed to the beneficiaries via a K-1 form and every heir will have to amend his/her 1040 tax return.
And don't forget the state fiduciary tax return. Good luck!
a week ago