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hxg3
New Member

How do you file a 1099-int for Estate of ?

I have a 1099-int interest income form for "Estate of ______".  Do I fill out a separate tax return for this or can I include on my own somehow.  If separate tax return, how do I enter "Estate of " when I'm prompted for "first name" and "last name"?

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Accepted Solutions
bobweissman
Level 6

How do you file a 1099-int for Estate of ?

If the estate earned $600 or more total in 2016, you must file Form 1041. Your personal version of TurboTax doesn't handle this. You need TurboTax Business (not Home & Business) to generate that tax return. If less than $600, no filing required.

See exact requirements here:
https://www.irs.gov/publications/p559/ar02.html#en_US_2016_publink100099673

And TT Biz info here:
https://turbotax.intuit.com/small-business-taxes/

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1 Reply
bobweissman
Level 6

How do you file a 1099-int for Estate of ?

If the estate earned $600 or more total in 2016, you must file Form 1041. Your personal version of TurboTax doesn't handle this. You need TurboTax Business (not Home & Business) to generate that tax return. If less than $600, no filing required.

See exact requirements here:
https://www.irs.gov/publications/p559/ar02.html#en_US_2016_publink100099673

And TT Biz info here:
https://turbotax.intuit.com/small-business-taxes/
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