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

[brutus608]

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

[PrinceA · Accepted solution]

here's a link that will further assist you from the IRS.

https://www.irs.gov/businesses/small-businesses-self-employed/deceased-taxpayers-probate-filing-esta...

[RichardG]

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