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brutus608
New Member

What form do I file for settling the estate of a deceased person?

I am the executor of my mother's estate.  All property has been sold, probate is finished, and I want to settle the estate

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PrinceA
New Member

What form do I file for settling the estate of a deceased person?

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PrinceA
New Member

What form do I file for settling the estate of a deceased person?

RichardG
New Member

What form do I file for settling the estate of a deceased person?

From a federal tax perspective, there are two tax returns to be aware of:

  • You should prepare a final tax return for your mother, reporting all her income and deductions before her death.
  • The fiduciary (or one of the joint fiduciaries) must file Form 1041 for a domestic estate that has:

    1. Gross income for the tax year of $600 or more, or

    2. A beneficiary who is a nonresident alien.

You will likely need to file state income tax returns for your late mother and her estate as well.  

Besides income taxes, you may be obligated to file a state inheritance or estate tax return.  If your mother's estate is valued at over $5.49 million, a federal estate tax return may also be required
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