I'm filing Form 1041 on behalf of my late partner's estate, as court-named administrator.
The estate was created in 2021 w/ tax ID. (I previously filed his final 1040 for 2020, the year he died)
I'm using TT H&B, 'cuz it's the only version with Form 1041.
*MY QUESTIONS*
- Named file: Can I create form 1041 from the *desktop* version of TT H&B as a separate named file? (so far, I can pull up the form, but can't save it)
- E-file? Can I e-file it (with e-payment for taxes due drawn from the estate checking account) thru TT?
- Income: The only income is a 1099-MISC for his final paycheck (issued in 2021; taxable) and a 1099-G (state tax refund)
I know to enter them on Lines 8 & 9, but does a state tax refund even need to be reported?
- Deductions: Can I enter all atty. fees incurred in the creation of his estate as a deduction, even though some were paid by me personally, then re-paid from the estate after its creation in 2021? (Yes, I have the lawyer's bills) OR, am I limited to those paid directly by the estate to the attorney during calendar year 2021?
Note: this is the only year with taxable estate income, therefore a one-and-only filed 1041, and I'm checking both 'Initial Return' and 'Final Return' boxes.
Any guidance appreciated. I'm adamant about not paying gobs of money to a tax attorney, for something seemingly so simple. That is, after all, why we use TT! And thanks for reading.
