Estate

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  • #1443327
    onthewaytoacpa5
    Participant

    Can anyone confirm that this is right?

    Pretend a woman died on August 16, 2015, everything earned between Jan 1-August 16 2015 was on her 1040.
    ALL ASSETS she physically had on and had EARNED by August 16, 2015 was on her 706. (Another example would be, I get paid every two weeks, if I die before i receive my paycheck, the amount for days I actually worked needs to be included in my estate –> would those wages be reported in the estate income tax return (1041) or the estate tax return (706)?

    All income her estate earned between August 16-Dec 31 2015 was on her 1041.

    Would really appreciate the help and thanks!

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