I get annual income from a trust reported on a Schedule K-1 Form 1041. My 2017 check and form did not arrive until after last year's filing deadline, but it was filed by the trust under 2017. Can I simply add this to my 2018 return, or do I need to file an amended 2017 return, even though I didn't actually receive the income/form until after the filing deadline?
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" do I need to file an amended 2017 return..."
You need to amend (if that makes a difference in your 2017 return, which it most likely will). The tax year on the K-1 controls in this instance rather than when you actually received the income or the form.
" do I need to file an amended 2017 return..."
You need to amend (if that makes a difference in your 2017 return, which it most likely will). The tax year on the K-1 controls in this instance rather than when you actually received the income or the form.
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