Information about Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent, including recent updates, related forms and instructions on how to file.

Jan 9, 2025 · Any distributions of property made after that date can be reported on a supplemental Form 8971 and Schedule A by January 31 of the year following the year of the distribution.

Dec 7, 2025 · Step-by-step guidance for executors filing Form 8971. Learn to report consistent property basis and provide required statements to beneficiaries.

Oct 29, 2025 · If a trust receives property from the estate and later distributes it in kind, the trustee must furnish Schedules A to the trust beneficiaries and file the supplemental 8971 on the same timeline, …

This reporting obligation imposed on trustees continues to apply for each subsequent transfer or distribution until the property is distributed to a beneficiary not in trust.

Nov 8, 2024 · IRS Form 8971 is the tax form that the executor of an estate must use to report the final estate tax value of property of that estate. This information return reports the values from the …

For trust listed on Part 1, Schedule R, we now provide a word processor window to permit you to enter lengthy trust names and any additional information you deemed appropriate. We now alphabetize …

Only an executor of an estate for which a Form 706 or Form 706-NA is filed after July 2015, whether or not that form is filed timely, is required to file Form 8971.

May 6, 2025 · Form 8971 is an important tax form for estates required to file a federal estate tax return. Executors file this form to report the final estate tax value of property distributed or to be...

Ensure basis consistency between estate tax valuation and beneficiary reporting. Get detailed guidance on Form 8971 compliance.