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whdw41a
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How do I split K1 income between deceased's 1040 return and their 1041? They received 1 or 4 payments after death. Do put 75% of K1 on 1040 and 25% 1041. K1 uses SS#

I have an EIN for 1041 but all K1 income was reported under the SS# of the deceased 

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How do I split K1 income between deceased's 1040 return and their 1041? They received 1 or 4 payments after death. Do put 75% of K1 on 1040 and 25% 1041. K1 uses SS#

You must report the Schedule K-1 income initially on the Form 1040 0r Form 1041 in which name the income was received.

You are now filing a FINAL Form 1040 for the decedent, so you would first report the Schedule K-1 income in the appropriate category of income, such as dividends as an example, on that Form 1040 and then use the adjustment shown in the PDF attachment, for a nominee allocation, and I would further suggest that you right click the adjustment field and enter supplemental information naming the EIN and ID of the Form 1041 on which you will report the remainder of the income attributable since the income was received "In Respect to a Decedent" ("IRD")  such as received IRD in nominee estate Form 1041 46-1234568

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


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