Mother in law passed away July 2024. I have to do her personal taxes and trust taxes. Where do I start?

[john14verse6]

I have to complete her final personal tax form 1040 and a 1041 tax form for her trust.  She passed away Jul 2 2024.  Does that mean that any transactions (bank transactions, etc) that occurred prior to her death will go on her personal tax form and all transactions that occurred after death will go on the trust form?

[DianeW777]

Yes, any earnings while your mother-in-law was alive will be reported on the final return for her. All income earned and received after death will go on the Form 1041, estate return. Form the 1041 the income will pass to the beneficiaries on a 1041-K1. This income will be reported on each of the beneficiaries tax return.

You can use TurboTax Business for the estate return, Form 1041. Filing requirement for estate is $600 income.

• TurboTax Business Desktop

You can use TurboTax Online/Mobile for her return by creating an account for her. If you use TurboTax Desktop, you can create separate returns for each of you.

• TurboTax Online or TurboTax Desktop - Select to make your choice

Create a new account specifically for your mother-in-law.  Do not use your account because you cannot prepare two returns under the same account for TurboTax Online/Mobile. You can use the same password, just a new User name.

Once the account is established you will enter the income, deductions, credits, etc, just like you would for your own return. In the Personal Information section you must indicate the taxpayer, is deceased and enter a date of death.  Next, if there is a refund, then you will need Form 1310.  Can I file Form 1310 in TurboTax?