3644210
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.

unexpected award after filing final 1041

the trust final 1041 was filed in 2021....I received an unexpected award settlement in summer 2024 and now I have received a 2024  int-1099 pertaining to this....I deposited the check into the trust acct which I have not closed yet....the check was made out to the trust, the 1099 recipient is also the trust....do I need to file and pay tax..

also the award was in response to claiming it as an heir to the deceased.......or do I file again and claim deduction or exemption since I am an heir....

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.

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