TaxmannEA Posted March 27, 2017 Report Share Posted March 27, 2017 This is a new one for me. A former client passed and has left his entire estate to several charities in the area. He had no relatives as far as we know. Do I show the entire 1041 income going as a charitable deduction , or do I need to do K-1s for the organizations? I'm leaning toward the charitable deduction, but do not want to mess up. Quote Link to comment Share on other sites More sharing options...
SaraEA Posted March 28, 2017 Report Share Posted March 28, 2017 Charitable deduction. Quote Link to comment Share on other sites More sharing options...
BHoffman Posted March 28, 2017 Report Share Posted March 28, 2017 Don't forget to paper file form 1041-A. Quote Link to comment Share on other sites More sharing options...
TaxmannEA Posted March 28, 2017 Author Report Share Posted March 28, 2017 Thanks. Quote Link to comment Share on other sites More sharing options...
TaxmannEA Posted March 29, 2017 Author Report Share Posted March 29, 2017 I'm still confused regarding the 1041A. Is it necessary to file the form if we this is the first and final return? There was no accumulation of funds in prior years as there were no prior years for the estate. Maybe I'm just trying to make sense out of a government form. (unrealistic ) Quote Link to comment Share on other sites More sharing options...
BHoffman Posted March 30, 2017 Report Share Posted March 30, 2017 Here are the form 1041A destructions so you can see if you need to file it. https://www.irs.gov/pub/irs-access/f1041a_accessible.pdf Quote Link to comment Share on other sites More sharing options...
TaxmannEA Posted March 30, 2017 Author Report Share Posted March 30, 2017 Thanks. I'd already read that, but it's amazing how much better it looks when I've actually had a good night's sleep. I think they're not required due to the fact that the estate was fully distributed in the first year, I think I need a brain recharge if there is such a thing. 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted March 30, 2017 Report Share Posted March 30, 2017 35 minutes ago, TaxmannEA said: I think I need a brain recharge if there is such a thing If you find it, please post the instructions or link here! 2 Quote Link to comment Share on other sites More sharing options...
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