Final 1040 filed in 2017, but trust is still open. Can the income be reported in the trust's1041?
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
It is income to the estate.
View solution in original post
You might find https://www.taxcpe.com/blogs/news/cancellation-of-debt-of-a-decedent of interest. Yes. report as other income on 1041.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
