Your bankruptcy, finalized in November may still impact your return in a few ways, including: Bankruptcy Estate: A separate taxable entity is created, and the trustee might need to file a tax return for it In Chapter 7, your refund might go to creditors. In Chapter 13, refunds during the repayment plan might also be used to pay creditor You still file your individual return, but the trustee might file one for the estateFor more details, check out these resources: TurboTax on Filing Taxes After Bankruptcy IRS Bankruptcy FAQs Consult your Bankruptcy Attorney

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Why is my bankruptcy affecting my return when bankruptcy was done in November

Forum|Forum|1 year ago
February 9, 2025
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SabrinaD2

Your bankruptcy, finalized in November may still impact your return in a few ways, including:

Bankruptcy Estate: A separate taxable entity is created, and the trustee might need to file a tax return for it
In Chapter 7, your refund might go to creditors. In Chapter 13, refunds during the repayment plan might also be used to pay creditor
You still file your individual return, but the trustee might file one for the estate

For more details, check out these resources: