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Get your taxes done using TurboTax
If the estate is the recipient of the 1099-S, they will report any final distributions to beneficiaries using a Form K-1. Beneficiaries receive K-1s if there are items of income, gain/loss, deductions, or credits they need to report on their tax returns as a result of the pass through from the estate or trust.
Here's more info on Schedule K-1 for Estates and Trusts.
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‎February 19, 2025
11:16 AM