The really feels like a silly question, because the answer seems obvious, BUT, I want to be sure...
I will be distributing (to myself and brother as beneficiaries)...
Federal K-1 (from 645 joined estate/trust to 2 beneficiaries)
NJK-1s from Estate (to 2 non-NJ-resident beneficiaries)
NJK-1s from Trust (to 2 non-NJ-resident beneficiaries)
The federal K-1 has all details of distributed income... Interest, Dividends, etc.
The NJK-1s have one number each (Net income from estate/total distribution)
I believe for our individual FEDERAL and STATE 1040 returns, we use data from only the Federal K-1 received as a beneficiary (and ignore the NJK-1s)... is this correct?
Thank you for your patience and help!!
