topic Re: 1041 final filing problem in Get your taxes done using TurboTax

1041 final filing problem

tefish — Fri, 19 Feb 2021 20:24:04 GMT

For 2017 I filed my deceased father's 1041 for his estate-trust and thought I was finished since there was no income after 2017 and all trust funds were dispersed. But I have gotten estimated tax forms for the trust. I don't recall receiving this forms in 2018 or 2019 but may have. Looking back I see on the 1041 for 2017 I indicated it was the initial filing but I didn't check the final filing box as well. Do I need to do something to alert the IRS that the trust is dissolved?

Re: 1041 final filing problem

M-MTax — Fri, 19 Feb 2021 21:00:07 GMT

You should file a return with the final box checked to put the irs on notice.

Re: 1041 final filing problem

tefish — Fri, 19 Feb 2021 21:11:45 GMT

Thank you! So, to clarify, should I use the current 1041 form for 2020 with just zeros for income, deductions, etc.?

Re: 1041 final filing problem

M-MTax — Fri, 19 Feb 2021 21:12:58 GMT

That should take care of it.