Question

I have a form 1099-R from a retirement account that I put into an estate account for my deceased mother. What form/platform do I need to file?

No text available

Based on your description, it sounds like you need to file Form 1041. According to the IRS:

The fiduciary of a domestic decedent's estate, trust, or bankruptcy estate uses Form 1041 to report:

• The income, deductions, gains, losses, etc. of the estate or trust;

• The income that is either accumulated or held for future distribution or distributed currently to the beneficiaries;

• Any income tax liability of the estate or trust;

• Employment taxes on wages paid to household employees; and

• Net Investment Income Tax. See Schedule G, Part I, line 5, and the Instructions for Form 8960.

TurboTax Business supports the filing of this form.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Employee

it also sounds like your mother did not designate a beneficiary, which is unfortunate.

1 reply