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posted Feb 18, 2021 2:59:04 PM

Is a 1041 required? mother in law passed on 11/1/2020. She had one investment and a house which are the only item in her probate. Neither produced any income.

all other investments had named beneficiaries and are not part of probate

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1 Replies
Level 15
Feb 18, 2021 3:11:20 PM

Estates are generally only required to file a 1041 if they have gross income for the tax year of $600 or more for the tax year.

 

See https://www.irs.gov/instructions/i1041#idm140229151947712