661470
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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  


View solution in original post

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...?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question