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.