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Investors & landlords
Only income received prior to date of death is reported on the tax return for the deceased. Income generated by assets of the estate of the deceased (i.e. income received after death) if greater than $600 is reported on Form 1041 - U.S. Income Tax Return for Estates and Trusts. If it is $600 or less, I suggest you simply add it to personal returns of the beneficiaries.
If you need to file Form 1041 you can do so with TurboTax Business Software: TurboTax® Business Desktop 2024-2025
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March 2, 2025
6:04 PM