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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    Deceased 1040 or 1041

    charleslye
    Level 2
    ‎02-02-2022 04:38 AM

    help! my client died 12/31/2020, Final 1040 filed for 2020. Working the 1041 for the Estate now for 2021. In 2021 a 1099-R received under deceased SS# for a 401K loan defaulted in 2021. Do I use a 2021 1040 for the under his SS# or pass thru on the 2021 1041?  401K loan of $17k was forgiven by Fidelity but they issued a 1099R for 2021 for the debt forgiveness.  

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    charleslye
    Level 2
    ‎02-02-2022 08:58 AM

    1099R is under the deceased tax ID number. Not the Estate EIN, would it matter anyway?

    View solution in original post

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    3 Comments 3
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎02-02-2022 07:21 AM
    In include it on the 1041 on Line 8 as IRD (In Respect of the Decedent) as the description.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    charleslye
    Level 2
    ‎02-02-2022 08:58 AM

    1099R is under the deceased tax ID number. Not the Estate EIN, would it matter anyway?

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    sjrcpa
    Level 15
    ‎02-02-2022 09:01 AM

    No. The deceased didn't receive it because they were dead.

    The more I know, the more I don't know.






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