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Does a K1 need to filed if the Trust pays the taxes

 
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WillK
Intuit Alumni

Does a K1 need to filed if the Trust pays the taxes

Yes, the K-1 will still need to filed and report on the personal return. The IRs will need the K-1 and will be looking for it from the trust and then will be looking for it on the personal return. 

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1 Reply
WillK
Intuit Alumni

Does a K1 need to filed if the Trust pays the taxes

Yes, the K-1 will still need to filed and report on the personal return. The IRs will need the K-1 and will be looking for it from the trust and then will be looking for it on the personal return. 

**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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