My father died over a year ago, why won't it let me enter a date over a year?
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Lakeparadise,
I'm sorry for your loss.
You can only file a 1040 tax return for years in which the taxapayer was alive. For that year you only include income/expenses (for the most part) until the date of death.
After that date you file a 1041 Estate tax return if required to do so. Sometimes the income might need to be reported on a heir's 1040 ("income in respect of a decedent). A 1041 requires Turbotax Business software. This area is fairly complicated. I would recommend at least a consultation with a CPA, Enrolled Agent, or tax/estate attorney. You might find IRS Pub 559 helpful: https://www.irs.gov/publications/p559/
All assets and payors should been notified as soon as possible after the date of death so that future income is reported to the estate or to the beneficiaries.
Lakeparadise,
I'm sorry for your loss.
You can only file a 1040 tax return for years in which the taxapayer was alive. For that year you only include income/expenses (for the most part) until the date of death.
After that date you file a 1041 Estate tax return if required to do so. Sometimes the income might need to be reported on a heir's 1040 ("income in respect of a decedent). A 1041 requires Turbotax Business software. This area is fairly complicated. I would recommend at least a consultation with a CPA, Enrolled Agent, or tax/estate attorney. You might find IRS Pub 559 helpful: https://www.irs.gov/publications/p559/
All assets and payors should been notified as soon as possible after the date of death so that future income is reported to the estate or to the beneficiaries.
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