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You must provide Schedule K-1 (Form 1041), on or before the day you are required to file Form 1041, to each beneficiary who receives a distribution of property or an allocation of an item of the estate.
See https://www.irs.gov/instructions/i1041/ch01.html#d0e1581
I suspect the beneficiaries may be confusing the requirements for providing other tax reporting documents, such as W-2s, with Schedules K-1.
You must provide Schedule K-1 (Form 1041), on or before the day you are required to file Form 1041, to each beneficiary who receives a distribution of property or an allocation of an item of the estate.
See https://www.irs.gov/instructions/i1041/ch01.html#d0e1581
I suspect the beneficiaries may be confusing the requirements for providing other tax reporting documents, such as W-2s, with Schedules K-1.
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