I don't do 1041s at all and have a family member that needs help with one. I have researched but still can't figure out where to include some income
An individual passed away in an accident.
Mother is the estate reporesentative
The Estate receives about $80,000 from a personal injury settlement claim and will receive more money in 2020 from same claim
is the $600 exemption gross or taxable?
The 80,000 is not taxable. How do I include that nontaxable income in the return ??
1041 requirement
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I don't do 1041s at all and have a family member that needs help with one. I have researched but still can't figure out where to include some income
An individual passed away in an accident.
Mother is the estate reporesentative
The Estate receives about $80,000 from a personal injury settlement claim and will receive more money in 2020 from same claim
is the $600 exemption gross or taxable?
The 80,000 is not taxable. How do I include that nontaxable income in the return ??
NO Estate return is required