topic Re: Estate Income Tax in Get your taxes done using TurboTax

Estate Income Tax

kg37lakeover — Wed, 11 Feb 2026 10:09:41 GMT

I am co-executor of an Estate account that has been open since 2020. We finally received the tax refund for the decedent. We can now close out the Estate account. The account has generated over $600 in income since it was opened. Do I need to file Estate Income Taxes for each year it was open, or just one final tax return for this final year?

Re: Estate Income Tax

M-MTax — Sat, 13 Jul 2024 00:40:13 GMT

It goes year by year so there is no need to file unless the estate had income of $600 or more in any one tax year.

Re: Estate Income Tax

kg37lakeover — Mon, 15 Jul 2024 14:13:59 GMT

Thank you so much for your help!

There was only 1 year the account earned over $600, so I will just do the Estate Income Tax for that year. If the Account is in Missouri, do I also need to file a State return for the income earned?

Thanks again!

Sincerely,

Karen

Re: Estate Income Tax

M-MTax — Mon, 15 Jul 2024 15:09:12 GMT

That should work. As for MO see here

Re: Estate Income Tax

kg37lakeover — Mon, 15 Jul 2024 15:28:04 GMT

Thanks so much again.

Since I have to file for the one year...does that mean I will also need to file a "final" Estate Income Tax return as well?

Re: Estate Income Tax

M-MTax — Mon, 15 Jul 2024 15:47:34 GMT

File it as final if the estate is closed.