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When Can a Successor Trustee File a 1041 to Generate a K-1 form?
Here is my scenario. My dad died in August of 2021. He had a Trust and my brother is the Successor Trustee. There was pretty much only a house to be sold and split between my brother and I. That house was sold in May of 2022 and my brother sent me a check for my half in May of 2022. After that he stated he had to wait to get his work W-2 form and do his taxes to file the 1041 form that generates the K-1 form I need for my taxes. Is that accurate or could he have filed a 1041 form at any point in 2022 to generate the final K-1 form I need for my taxes? Did he have to wait until 2023 like he said? Keep in mind he filed the 1040 that generated the 1099-S form already in 2022 after the house was sold.
‎February 19, 2023
3:52 PM