My mother passed away in August of 2021 but the estate wasn’t closed until late 2022. I just received a 1099-INT in the name of the Estate for interest earned apparently on an insurance policy that was paid out to the estate. From reading other posts it would appear that I (Executor) need to file a 1041 form. Other posts say this form is available in the Business version of TurboTax. I have the Home & Business version, but I don't see the form as being available. Is this form not available in the Home & Business version? I'm I goin down the right path with the 1041 form?
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@John283 wrote:
... don't see the form as being available. Is this form not available in the Home & Business version? I'm I goin down the right path with the 1041 form?
Form 1041 is not available in Home & Business. You need TurboTax Business in order to prepare a 1041.
If the interest was the only income for the estate AND it is less than $600 then no form 1041 needs to be filed.
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