I will have to fill out Form 1041 for an estate tax return at the end of the year. It is required for any decedent who has more than 600 dollars of income after death. It looks like this estate will have between 3 and 4 thousand of income in 2019. I usually do my own 1040 on turbotax and I called turbotax yesterday and they said the only turbotax product that allows 1041 is the business turbotax. I am not sure but it appears to me that the form 1041 is not real difficult and maybe I can just do it on paper and send it in. It also is my understanding, perhaps wrong, that income from the estate can be distributed to a beneficiary or beneficiaries and that serves as a deduction so the net income will be 0 and the estate doesnt pay any tax but then a K1 must be sent to the IRS so the beneficiary gets taxed. Does anyone have any experience with this? Am I correct with what I said about net income being zero? Is it doable to just do the 1041 on paper? Thanks
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