A person passed away in Aug. 2016. In Feb. of 2017 the persons home was sold for $120,000 minus fees. Should I file a 1041 for 2016 or 1041 for 2017?

The estate has no income and legal and medical expenses were paid by the estate.

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1 Best answer

Level 15

Jun 4, 2019 8:54:06 PM

The 1041 should include all income or deductible expenses from date of death.

A 1041 return can be on a fiscal year, So you can have a 1041 for August to July 31, 2017. This is the return the house sale should be on.

If there is an attorney involved with the Estate, I would discuss this with them.

Level 15

Jun 4, 2019 8:54:06 PM

The 1041 should include all income or deductible expenses from date of death.

A 1041 return can be on a fiscal year, So you can have a 1041 for August to July 31, 2017. This is the return the house sale should be on.

If there is an attorney involved with the Estate, I would discuss this with them.