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posted Jun 6, 2019 10:57:51 AM

Schedule K-1 form 1041 does not show address for the trust. Feduciary address is in a different state. What do i use here?

Box B states the estate's or trust's name: this is my wife's mother's name with the word TRUST. She died June 2017. Her son was the executor. She lived in Georgia, as do we. The executor lives in Maryland. In Box C the executor / "fiduciary" is listed with his address, which is in Maryland but all of the money and investments for the trust reside or were invested in Georgia. What address do i use since your software won't let me advance until i have entered an address.

I would appreciate it if I could get an actual answer from an actual person. As I understand it, that is part of what I am paying for as a Turbo Tax Advantage customer. Thanks.

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1 Best answer
Level 15
Jun 6, 2019 10:57:52 AM

"Schedule K-1 form 1041 does not show address for the trust."

 

The IRS already has the correct address for the trust, as well as for the beneficiary(ies), from the 1041 and K-1(s) that were filed by, or on behalf of, the trustee.

 

Thus, you can use any address (including your own address) since the copy of the K-1 you have is for your records only and, other than the figures and the trust's name/EIN that you input from the K-1, does not get filed with your individual return.

1 Replies
Level 15
Jun 6, 2019 10:57:52 AM

"Schedule K-1 form 1041 does not show address for the trust."

 

The IRS already has the correct address for the trust, as well as for the beneficiary(ies), from the 1041 and K-1(s) that were filed by, or on behalf of, the trustee.

 

Thus, you can use any address (including your own address) since the copy of the K-1 you have is for your records only and, other than the figures and the trust's name/EIN that you input from the K-1, does not get filed with your individual return.