If an estate itself (not a trust) has no income or other transactions after the date of death to report, is a return required?
This pertains to a situation where most assets were held under a trust for which there are successor trustees, filing a separate trust return. Also, it is understood that a final return for the individual will be required for transactions prior to the date of death.
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1 Best answer
TomD8
Level 15
Jun 3, 2019 1:30:20 PM
The fiduciary (or one of the joint fiduciaries) must file Form 1041 for a domestic estate that has:
1. Gross income for the tax year of $600 or more, or
2. A beneficiary who is a non-resident alien.
1 Replies
TomD8
Level 15
Jun 3, 2019 1:30:20 PM
The fiduciary (or one of the joint fiduciaries) must file Form 1041 for a domestic estate that has:
1. Gross income for the tax year of $600 or more, or