Solved: Can tax preparation fees be deducted from the income of a . . . Can tax preparation fees be deducted from the income of a simple trust on Form 1041 Yes, on line 14 "Expenses for preparation of fiduciary income tax returns, the decedent's final individual income tax returns, and all estate and GST tax returns are fully deductible
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:
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
Do I have to file a trust tax return? - Intuit In the case of a death, the executor must file a Tax Return for Estates and Trusts (Form 1041) for a domestic estate that has: Gross income of $600 or more for the tax year, or; A beneficiary who is a non-resident alien
¿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
Who do I contact at IRS for a 1041 refund? - Intuit Thanks That was the first number I tried I think because it is a 1041, it didn't accept my information and there was no way to talk to an agent directly I have been waiting to talk to any agent for about an hour now at the [phone number removed] number
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
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