JGE wrote:
....
- quote -

No, once the estate is officially closed, the tax year following and all
subsequent there's no entity for which _to_ file and the K-1's will also
cease.

--

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On Mar 4, 12:57*pm, dpb <n...[at]non.net> wrote:
- quote -

Nothing I guess, esp. with eFile. But shall I keep filing Schedule
E
forever ?!?

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JGE wrote:
....
- quote -

Why not--that is, what's the big deal about filing an additional form w/
a return?

--

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On Mar 3, 8:36*pm, JGE <j...[at]cs.unc.edu> wrote:
- quote -

Actually, I just noticed that the previous years' returns (when there
WAS a K-1 from the estate) also filed a Schedule E, but there was
no income on Schedule E - it was just entered on Schedules B and D.
So it's like Schedule E is just a place to declare that there IS a
K-1 ?
Which still leaves the question, do I need the Schedule E this year
to show the estate still existed in 2008, but there's no income (since
nothing will show up on any of the other Schedules like B and D) ?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"JGE" <jge[at]cs.unc.edu> wrote
- quote -



And that all would be correct.





- quote -




It wouldn't hurt to go through the steps, report the zero K-1, hopefully
marked as final in your software, and that settles it.
There shouldn't be any cost to you for including a zero balance Schedule E
with your return.






--
Paul Thomas, CPA
Watkinsville, Georgia

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I had K-1 income in 2006 and 2007, from my mother's estate,
and I dutifully entered it into TurboTax. This year, the estate
was closed in early-2008 and the executor was careful to
keep money in non-interest bearing accounts until then, so
that the estate would have no income; she has verified that
no 1099's have been received. So there should be no K-1
generated, and I have entered none into TurboTax. Nonetheless,
TurboTax seems fairly insistent upon filing a Schedule E with
my return, showing the estate, but with no income.

Can I safely delete Schedule E ? Will the IRS somehow want
to see the Schedule E to confirm that the estate had no income
in 2008 ? Or am I in the clear if no K-1 income is reported to the
IRS (by the estate tax accountant, presumably) ?

Thanks.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >