I am preparing my father-in-law's final 1040. He died 7/8/2022. How do I back out income paid post-death from the 1040 in order to report it on Estate 1061?

make that estate 1041. Some dividends and interest were paid to his SSN post-death. Also, I don't see where the 1040 form states that he died 7/8/22 even though I entered that in TurboTax.

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1 Best answer

Level 15

Mar 1, 2023 6:41:13 AM

I am sorry for your loss.

You would report all of the interest and dividend income on the final return 1040 and then calculate the income post-death and report that income as received as nominee (for the estate), subtracting that portion on the 1040.

You would then report the post-death income on the 1041.

See https://www.irs.gov/publications/p559#en_US_2022_publink100099782

Level 15

Mar 1, 2023 6:41:13 AM

I am sorry for your loss.

You would then report the post-death income on the 1041.

See https://www.irs.gov/publications/p559#en_US_2022_publink100099782

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I am preparing my father-in-law's final 1040. He died 7/8/2022. How do I back out income paid post-death from the 1040 in order to report it on Estate 1061?