do i file this as a separate file? Or would I
amend my 2022 taxes I did however receive this form late in 2023 once I had already filed my 2022 taxes ? I received this for the year my mom passed and trust and estate was distributed , she resided in Colorado and I am in Texas and my k- 1 lists me as a beneficiary. Is there a penalty to file this now so late after 2023 yr when I received it in the mail
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You'll most likely have to amend your 2022 return to reflect any income/gain on the K-1 (1041).
You could very well owe interest on any late payment of tax that was due by the due date for your 2022 return, unfortunately.
Is there a number I can call to speak to someone , I was told by my tax advisor when I received it that we did not need to file . I would like to show you a copy of the forms .
Why don't you just post the line numbers that have figures on your K-1?
Line 11
A *
B*
D*
line 14
Z*
You don't have to be concerned with that K-1 unless you want to because those items on Line 11 are all final year deductions; there is no income or gain.
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