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Level 2
June 19, 2023
Question

Income received two years after final Form 1041 filed

  • June 19, 2023
  • 1 reply
  • 4 views

Estate for a decedent was closed and a Form 1041 filed with the "final return" box checked.  Two years later, a US government retirement agency unexpectedly sent a late 1099-R reporting income to the estate for a later year under the prior EIN.

Is there any written authority stating how the executor is to handle the tax reporting to the IRS?  

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1 reply

PhoebeRoberts
Intuit Community Champion
June 19, 2023

File another final 1041. We had one where some unclaimed property turned up 15 years after the estate was closed. No issue filing the return.