You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
VERYfrustrated1
Level 1
KG49
Returning Member
Kipmc7
Level 3
spearmichael1
New Member
ChicagoJ
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.