Amend final 1040 for decedent
Posted: 10-Nov-2019 2:49pm
I prepared a 2018 1040 for taxpayer who died on 10/22/2018. I included all of the information reported on the 2108 1099DIV and 1099 INT on the 2018 return. Now the taxpayer's lawyer wants me to do a fiscal year 1041 for the taxpayer's estate (FYI, taxpayer is my mother). I've prepared other 1041 returns for trusts and they were done on a calendar year basis.
Since I included income (dividends and interest) that were received after the date of death, must I amend the 2018 tax return. Or, is it OK to prepare the 1041 on a calendar year basis as I previously intended to do?
Can I make a note on the proper schedule that some information was previously reported on the 2018 1040.
Thank you for your clarification.
Since I included income (dividends and interest) that were received after the date of death, must I amend the 2018 tax return. Or, is it OK to prepare the 1041 on a calendar year basis as I previously intended to do?
Can I make a note on the proper schedule that some information was previously reported on the 2018 1040.
Thank you for your clarification.