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  • How do I get form 1041 from turboTax - Intuit
    Hello experts, I have Turbo Tax Home and Business and would like to use TurboTax to populate form 1041 for my mother's estate income My understanding is you need Turbo Tax Business in order to do a form 1041 I assumed Turbo Tax Home and Business qualified for "business" Can someone clar
  • personal residence on Form 1041 - ttlc. intuit. com
    An income tax return is required only if the estate generated more than $600 in gross income If there was no income, you don't have to file a Form 1041 for 2024 You will have to file Form 1041, U S Income Tax Return for Estates and Trusts to report the sale of the house
  • Fiscal Year for an Estate 1041 - ttlc. intuit. com
    If the amount of income the estate received in April 2024 was less than $600, the estate's first filed Form 1041 could be for a full 12-month tax year beginning on the first of some later month In that case the first estate tax year would be a short tax year with income below the filing requirement
  • Determining 1041 Estate Expenses Allowed - Intuit
    I am really confused with what deductions are allowed to be taken on a Form 1041 Estate Tax Return, where they go on the 1041 and how they should be reported on the K-1 form for the beneficiaries? The Estate is in Wisconsin (2 beneficiaries in Illinois and 1 in Wisconsin) There is no income only expenses for the 1041 The expenses are:
  • Solved: Form 1041 for simple estate says taxes are due. Can . . . - Intuit
    Form 1041 for simple estate says taxes are due Can the estate pay the tax if the income has not been distributed, avoiding K-1 to beneficiaries? You are essentially correct (cap gains usually excluded, but can definitely be included under certain circumstances consistent with law and the trust doc) and that term (DNI) is defined in the
  • ¿Qué es un Formulario 1041? - Intuit
    Formulario 1041, EE UU La declaración del impuesto sobre el ingreso para patrimonios y fideicomisos se usa generalmente para reportar los ingresos, las ganancias, las pérdidas, las deducciones y los créditos derivados de la operación de un patrimonio o fideicomiso TurboTax Business admite la presentación del Formulario 1041
  • How to file an amended form 1041 - Intuit
    As a test, I saved the amended 1041 as a tester file, then changed the FEIN to a fake number Turbotax Business recognized the fake return as an amended return Although I certainly was not going to e-file the fake return, as soon as I let the program know that I wanted to e-file, a window popped up saying that I could not e-file an amended 1041
  • I received a schedule k-1 form 1041 as a beneficiary. How do I . . . - Intuit
    Schedule K-1 is a federal tax document used to report income from pass-through entities including partnerships, S corporations, estates, trusts, and LLCs
  • FORM 1041 REPORTING INHERITANCES - ttlc. intuit. com
    FINAL YEAR OF 1041 FILING: (1 )ALL TAX LIABILITIES WERE PAID BY ESTATE, FOR ALL THE YEARS APPLICABLE; (2) INHERITANCES WERE PAID OUT IN THE FINAL YEAR, AND AGAIN, ALL TAXES WERE PAID BY THE ESTATE ALL INHERITANCES WERE LESS THAN $10,000 - DO THESE INHERITANCES NEED TO BE REPORTED ON THE F
  • Solved: I am preparing a form 1041 for my deceased fathers . . . - Intuit
    Sale of decedent's residence If the estate is the legal owner of a decedent's residence and the personal representative sells it in the course of administration, the tax treatment of gain or loss depends on how the estate holds or uses the former residence





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