Mechanicsburg, PA asked in Estate Planning for Pennsylvania

Q: Do I have to file a 1041 if the estate does not/never did generate income?

The estate was just a bank account consisting of around $76,000, of which I have already paid funeral and state taxes. Additionally, all beneficiaries have received their share.

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1 Lawyer Answer
Michael Cherewka
Michael Cherewka
  • Estate Planning Lawyer
  • Wormleysburg, PA
  • Licensed in Pennsylvania

A: You do not have to file a 1041 / PA-41 if the Estate did not have any income. Some individuals file a -0- income 1041 and PA-41 and check the "Initial Return" and "Final Return" boxes on the returns to create a record that the Estate did not have any income and will not be filing any tax returns in future years.

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