1041

[moonpetty58]

I am looking for someone to prepare my Aunt's 1041.  I prepared her 2022 1040 (have not filed yet) but learned that her estate has an EIN # and a State of Md.ID number and a letter of confirmation to file a 1041.  I am not  skilled in 1041s.  I live in the Upper Marlboro, Maryland area.  Anyone?  

[IRonMaN]

You are way ahead of your time if you have already prepared her 2022 1040.  As far as the 1041 goes, don't you have tax preparers in your area that you can call?  Finding some stranger on the internet has always been a scary thought for me.

[Just-Lisa-Now-]

Did her estate create any income to have a filing requirement?

[moonpetty58]

Yes.  Capital Gain from the sale of residence.

[moonpetty58]

Sale of home -gain of 69K  October 2021

[jeffmcpa2010]

The home increased in value by 69K between the day she died and the day it was sold?

[dude7707]

I'm sure that is a typo error and should be 2021.

[IRonMaN]

And I was almost positive they already prepared the 2022 return 😉

[dude7707]

Good one IronMan....how many days left do we have for filing 2021 1040's!

Welcome to March!

[IRonMaN]

For anybody using Intuit software, tax season started yesterday so everyone is off to the races!