I am the executor of my mother's estate. All property has been sold, probate is finished, and I want to settle the estate
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:
Gross income for the tax year of $600 or more, or
A beneficiary who is a nonresident alien.