turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

dharkin1
New Member

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

the trust is under his SSN, we are converting it to an EIN, but not sure if I need to file a 1041 return on the estate?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

No, you do not have to file a return if that is the only income of your father’s estate. 

To be required to file for 2016:

The estate would have to have gross income of $600 or more.

OR

A beneficiary who is a non-resident alien.

Please take a look at the information below:

https://ttlc.intuit.com/replies/3302186  


View solution in original post

2 Replies

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

No, you do not have to file a return if that is the only income of your father’s estate. 

To be required to file for 2016:

The estate would have to have gross income of $600 or more.

OR

A beneficiary who is a non-resident alien.

Please take a look at the information below:

https://ttlc.intuit.com/replies/3302186  


CailaL
New Member

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies