1099-int

[cher52]

the estate was closed with a final return in 2021...I recently received a 1099-int for the trust (trust ein) that reflects an award settlement that I received last july 2024 (13K)...I did not distribute it to the benis,(deposited it into the estate acct at the bank) so I assume I need to file a 1041 to pay tax to the irs....do I need to also file a state return (this would be CA 541?)

[DaveF1006]

Yes, you will need to file a 1041 declaring this income even if the Final Estate return was filed. You will need to file one with the State of California as well.