Just to confirm decedents $900 rebate for car ins is not taxable:does that also include not taxable on Form 1041 so a 1041 would not be required for income over $600?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Just to confirm decedents $900 rebate for car ins is not taxable:does that also include not taxable on Form 1041 so a 1041 would not be required for income over $600?

A rebate of your own money is NOT income and is NOT reported on any income tax return as income.

View solution in original post

1 Reply

Just to confirm decedents $900 rebate for car ins is not taxable:does that also include not taxable on Form 1041 so a 1041 would not be required for income over $600?

A rebate of your own money is NOT income and is NOT reported on any income tax return as income.

Still have questions?