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leek1012
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I rec'd Form 1041 Sch K-1. I've entered the info into TurboTax, no change in refund, which I've already rec'd. Do I need to send an amended return?

 
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I rec'd Form 1041 Sch K-1. I've entered the info into TurboTax, no change in refund, which I've already rec'd. Do I need to send an amended return?

No, generally if the income and tax do not change you are not required to amend the tax return unless a specific exception applies.  In many cases, the tax is paid by the trust before disbursement so you do not pay the tax- but keep a copy of the K-1 with your tax records.

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I rec'd Form 1041 Sch K-1. I've entered the info into TurboTax, no change in refund, which I've already rec'd. Do I need to send an amended return?

No, generally if the income and tax do not change you are not required to amend the tax return unless a specific exception applies.  In many cases, the tax is paid by the trust before disbursement so you do not pay the tax- but keep a copy of the K-1 with your tax records.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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