Your estate may have an income tax filing requirement for each year that it has $600 or more of gross income or has a beneficiary who is a nonresident alien, from the date of death until the final distribution of the assets to the beneficiaries. The tax is figured on the estate's income in a manner similar to that for individuals.taxmap/pubs/p950-004.htm#TXMP2d39915d
Every estate with an income tax filing requirement must file a Form 1041 and include a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc., for each beneficiary.taxmap/pubs/p950-004.htm#TXMP4d2a9516
The Schedules K-1 (Form 1041) report a beneficiary's share of income and expenses from the estate. In the estate's final year, the beneficiaries may be able to take advantage of the estate's excess deductions.taxmap/pubs/p950-004.htm#TXMP44d681c4
If you think your estate may have other tax filing requirements, see Form 1041 and its instructions, and Publication 559.