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Use the executor address for both the estate and personal 1040 return.

If it was really a 401(k), then why can't he roll it over? Perhaps it was a nonqualified plan. If so, I don't think he can do a. B and c would depend on if he's affected by Covid and if that exception is renewed for 2021. He can pay the taxes on the disbursement. He can contribute more to his existing retirement plan(s), because he has the disbursement to live off of. He can buy a rental property or spend his disbursement any way he wants. Tell him what percentage to save to cover his federal and state taxes. Make sure you have the paperwork describing the government money in a 401(k)-type fund over the years for helping out through a special government program. Part of his compensation package? Seriously, where do you get clients with these complex financial situations?!

In the last few years, I have finally realized my limitations and my areas of expertise. If these were my clients, I would tell them I am not able to do their returns any longer.

I am not going to get into the messy details, but for years I did a 1065 return with no basis details. It was hard enough just to get the Income & Expenses! Finally earlier this year, I told them that I couldn't do their return any more.

Assume you have absolutely nothing except current year statistics. If you don't have current year, you should not be doing the return. Reconstruct beginning balances by asking about real estate and equipment, and dates of purchase, then reconstruct accumulated depreciation. Current year cash can be rolled back to a Jan 1 balance. From amounts on loan service, you can deduct the amount interest, then reconstruct beginning balances on loans. Current year information is necessary anyway. Make sure you charge enough and tell them up front it will cost. For what it's worth, I do schedule L, M-1, and M-2 for every Partnership and Corporation regardless of size. Anything less means I am not setting forth proper due diligence.

Where do you get these clients?! They're much more complex than my clients. I have no idea why a trust or an estate would form an 1120-S unless one already existed/was owned by the deceased. Some of the great minds here will jump in Saturday...

A year or so ago, I had to recreate basis for a couple partnerships that weren't always my clients. Luckily, they had all the partnership returns. Money in + income - losses -distributions etc. https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf https://www.irs.gov/pub/irs-utl/partners-outside-basis.pdf If you use CCH's AnswerConnect: https://answerconnect.cch.com/intradoctoc-document/tpz0209013e2c84a68b88