Final estate tax return filed in 2023. Estate earned $700 interest income in 2024 on final distribution to beneficiaries. Estate tax return required for interest earned?

$700 interest earned is in a trust account. I am successor trustee.

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Final estate tax return filed in 2023. Estate earned $700 interest income in 2024 on final distribution to beneficiaries. Estate tax return required for interest earned?

The estate is required to file a Form 1041 since it received $600 or more in income.

Final estate tax return filed in 2023. Estate earned $700 interest income in 2024 on final distribution to beneficiaries. Estate tax return required for interest earned?

TY! Do I need to obtain an EIN for reporting the $700 interest income?

Final estate tax return filed in 2023. Estate earned $700 interest income in 2024 on final distribution to beneficiaries. Estate tax return required for interest earned?

Yes, you will need an EIN for the estate.

https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-n...

Final estate tax return filed in 2023. Estate earned $700 interest income in 2024 on final distribution to beneficiaries. Estate tax return required for interest earned?

TY so much. Glad for your support as this is a first time experience.

Final estate tax return filed in 2023. Estate earned $700 interest income in 2024 on final distribution to beneficiaries. Estate tax return required for interest earned?

You are most welcome.

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