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Are k-1 forms needed for initial filing of 1041?
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Are k-1 forms needed for initial filing of 1041?
"are k-1 forms needed for initial filing of 1041?"
A K-1 reports a beneficiary's share of income, deductions, and credits that are being passed through from the trust/estate to the beneficiary.
If any of those items are not being passed through (e.g., no distributions were made), then K-1s are not needed.
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Are k-1 forms needed for initial filing of 1041?
"are k-1 forms needed for initial filing of 1041?"
A K-1 reports a beneficiary's share of income, deductions, and credits that are being passed through from the trust/estate to the beneficiary.
If any of those items are not being passed through (e.g., no distributions were made), then K-1s are not needed.