M-MTax
Level 15

Get your taxes done using TurboTax


@user17722233565 wrote:

What about Form 1041 Schedule B line 10....


I have to apologize because I re-read your first post and noticed that you had a non-taxable settlement which begs the question as to whether there was any income or gain at all.

 

The point here is you don't have to bother filing a 1041 unless the estate had $600 or more in gross income for the tax year. If the settlement was all there was you could simply distribute it accordingly.