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dharkin1
New Member

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

the trust is under his SSN, we are converting it to an EIN, but not sure if I need to file a 1041 return on the estate?

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1 Best answer

Accepted Solutions

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

No, you do not have to file a return if that is the only income of your father’s estate. 

To be required to file for 2016:

The estate would have to have gross income of $600 or more.

OR

A beneficiary who is a non-resident alien.

Please take a look at the information below:

https://ttlc.intuit.com/replies/3302186  


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2 Replies

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

No, you do not have to file a return if that is the only income of your father’s estate. 

To be required to file for 2016:

The estate would have to have gross income of $600 or more.

OR

A beneficiary who is a non-resident alien.

Please take a look at the information below:

https://ttlc.intuit.com/replies/3302186  


CailaL
New Member

My father (deceased) estate account generated a whole $18 in interest in 2016, do I need to file a 1041 for this account, it meets the other exclusions...?

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