Estate tax return

Forum|Forum|4 years ago
January 28, 2022
4 replies
10 views

My father died in 2020 and I filed a final 1040 for the 2020 tax year. I opened an estate account under a tax id for 2021 and earned over $600. I now received a couple 1099's for 2021 under his social security number. Can I just report them on the 1041 estate return?

TurboTax Business Windows

Anonymous_

Level 15

Yes, if the estate received the income, report it on the 1041.

fanfare

Level 15

Income in Respect of a Decedent

All income the decedent would have received had death not occurred that was not properly includible on the final return, discussed earlier, is income in respect of a decedent.

How To Report

Income in respect of a decedent must be included in the income of one of the following.

The decedent's estate, if the estate receives it.
The beneficiary, if the right to income is passed directly to the beneficiary and the beneficiary receives it.
Any person to whom the estate properly distributes the right to receive it."

Larry3924Author

Level 2

The 2021 income should be reportable to the estate tax id - but a 1099 was received to the decedent's social security. Can I just include it in the 1041 estate return? The final 1040 was for 2020.