Estate Tax Return

[Unregistered]

Never done a estate tax return. Mostly stocks.

Is it much different than 1040?

Can some one please give me some tips? I will also look at taxbook, do research etc.

[Cheryl REin]

I do about four or five a year. If it's just a simple decedent return, no problem. 1099's should all come in the name of the estate/trust. The only thing taxable would be interest, div, cap gains, rental income, retirement distributions - stuff like that. Life insurance and most other property passes tax free unless the decedent is really rich.You can have the executor pay the taxes with the 1041 or you can distribute the income to the beneficiaries with a K-1.

My software is fantastic (TaxSlayer). I've done them for years and never heard a word from the IRS. If I can do a 1041, you can too!

Cheryl