Filing a final federal tax return for a relative who passed away in 2024 using TurboTax involves a few steps:
- Start the Return: Open TurboTax and begin a new tax return for the deceased person. Enter their personal information as you normally would.
- Indicate Deceased Status: In the Personal Info section, TurboTax will prompt you to indicate that the taxpayer is deceased. You'll need to enter the date of death.
- Enter all income earned up to the date of death and any applicable deductions. Since the return shows zero income but has self-employment tax due, make sure to accurately report any self-employment income and expenses.
- TurboTax will guide you through the rest of the process, including any special forms or documents needed for a deceased taxpayer.
Paying Taxes: The estate is responsible for paying any taxes due, including self-employment taxes. The executor or personal representative, will use the estate's funds to pay these taxes.
For more detailed information, you can check out these resources: