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If someone died prior to getting an estate established, does a 1040 return need to be filed with the deceased ssn or does everything get put?
... in the estate?
Example: person dies march 2019
Spouse files joint return for 2019
2020 comes and dead person still has bank accounts
August 2020, estate executor gets act together and makes estate, gets ein, transfers stuff
Does a 2020 1040 tax return need to be filed with the deceased person's ssn or do all those assets go into the estate (even though the paperwork says person and not estate) and filed with the 2020 1041?
5 Answers
- EvaLv 72 weeks ago
The 2020 1040 return does not contain any of the deceased's information unless the spouse is a qualifying widow(er).
- CarVolunteerLv 62 weeks ago
The estate begins when the person dies.a 2019 return (1041) for the estate was due sometime after march 2020 for the first year of the estate. (2020 forms didn't exit then.) A 2020 1041 would be due about now.
- Anonymous2 weeks ago
1. The estate came in to existence only when the person died. The estate cannot be established first. (A trust can, but a trust is not an estate.)
2. If a married individual dies in 2019, the filing combinations are:
2019 MFJ with spouse, unless spouse remarries. Income for decedent is ONLY through death. Spouse signs return as surviving spouse.
2019 MFS without spouse if they have a filing requirement.
3. Any income to the decedent after they die is reported on 1041. The 1041 CANNOT be filed with SSN, it must obtain an EIN.
A 2020 tax return CANNOT be filed as they are dead already.
4. Note the tax year for the estate can be calendar (death thru 12/31/2019) or fiscal (death thru 2/29/2020)--assuming there is enough income is require one. Don't forget the k-1s if anything is distributed.
