@AmyC,
It sounds like I need the business edition to do the 1041? I only have premier. I'd really prefer to file electronically, as taxes I filed for 2020 still haven't been processed because of the backlog.
If I need to mail it. There was no estate created for my mom, everything had beneficiaries. Would this have required me to go through the court process to get an estate created? Her home was in trust, also with beneficiaries. After reading some it sounds like I can apply for this now and for box C write applied for?
eg -
Name of Estate or Trust - Mothers name, and nothing else?
Name and title of fiduciary - My name and son?
Address - my address?
For checking applicable boxes, I already filed her return for 2020 (with everything i had for 2020), I just have this 1099-R and a small amount from a 1099-DIV for my mom that I received in 2022 for tax year 2021 (received this income in jan 2021), so this would be her final return, or initial return for 2021?
Would we end up paying less in tax for this income by doing the 1041? Rather than my brother and I each claiming our half the income, assuming we're in greater than 24% brackets?
Appreciate your replies here, sorry I have a lot of unique tax situations after my mom passed and trying to do it as correct as possible.
