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John283
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1099-INT for an Estate

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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2 Replies

1099-INT for an Estate


@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.

 

See https://turbotax.intuit.com/small-business-taxes

1099-INT for an Estate

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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