My mother passed away in 2020. In 2022 I received a payment from a settlement for unpaid wages to her estate. I received a 1099 misc form. How do enter this amount as income on my turbo tax filing. It was around $4,000.
Thank you.
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Follow these directions to post 1099-Misc income not subject to self-employment taxes.
The income will be reported on • On the next screen click Done.
The income will be reported on Schedule 1 line 8Z with the description that you entered.
A $4,000 payment made to your mother's estate for unpaid wages is reportable on an estate income tax return, Form 1041, not directly on your personal income tax return. The income to the estate would then be passed through to you on Schedules K-1 (Form 1041) to estate beneficiaries for reporting and taxing on the beneficiaries' personal tax returns.
The TurboTax product for preparing an estate tax return is TurboTax Business (not TurboTax Home & Business).
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