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previous page Previous Page: Publication 950 - Introduction to Estate and Gift Taxes - Generation-Skipping Transfer Tax
next page Next Page: Publication 954 - Tax Incentives for Empowerment Zones and Other Distressed Communities - Tax Incentives for Distressed Communities
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taxmap/pubs/p950-004.htm#TXMP3428dc13

Income Tax on an Estate(p12)


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Income Tax on an Estate

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

Filing an income tax return.(p12)


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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

Schedule K-1.(p12)
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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

More information.(p12)


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If you think your estate may have other tax filing requirements, see Form 1041 and its instructions, and Publication 559.
previous pagePrevious Page: Publication 950 - Introduction to Estate and Gift Taxes - Generation-Skipping Transfer Tax
next pageNext Page: Publication 954 - Tax Incentives for Empowerment Zones and Other Distressed Communities - Tax Incentives for Distressed Communities
 Use previous pagenext page to find additional occurrences of topic items.