Decedent Estate and Final 1040 - 2026

A client dies and the practitioner inherits a sequence of decisions: what income belongs on the final 1040 versus the estate's 1041, who signs each return, what basis applies, whether to elect a fiscal year, whether to combine a revocable trust with the estate under §645, whether to file a 706 just to preserve portability. Mistakes are often uncorrectable — losses that die with the decedent, a missed §691(c) deduction, an IRD item on the wrong return, a closed portability election.

The program covers identifying IRD, allocating income and deductions between the 1040 and 1041, personal representative authority and signing rules, FEIN and accounting-method elections, basis at death for jointly held property and pass-through interests, treatment of the decedent's capital losses and NOLs, the §645 election, the 65-day rule, and post-mortem RMD rules under the final SECURE regulations — the EDB/NEDB/NDB framework, the 10-year window with annual RMDs when death occurs on or after the RBD, and the year-of-death RMD. Form 1310 refund delays and decedent identity protection are addressed alongside.

For EAs, CPAs, and tax attorneys preparing final 1040s and decedent 1041s.

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*Self-Study recording not available for NASBA CPE credit.

NASBA Field of Study: Taxes

IRS Program #: 7Q3WU-T-

CTEC Course #: 6248-CE-

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