Get your taxes done using TurboTax

First of all, the K-1 is not due until the end of the Tax Year for the Estate. Generally, the Personal Representative (formerly Executor) could provide you a statement itemizing the elements of a bequest that is distributed to you, but as for the actual Schedule K-1, that will have to wait until the Tax Filing of the Form 1041 is done.  

Since you indicate that for some reason you are receiving stock dividends but you do not make clear if you have actually received the shares - and the shares are registered in your name and not in the name of the Decedent or the Estate, it is not clear if the dividends are being paid into the Estate and then being distributed to you, or if instead you are receiving them directly from the paying company.

If the Estate is following a Calendar Year, then the Form 1041 could reasonably be expected to completed when the Personal Representative has received all Tax Information Returns, such as Form 1099-DIV and 1099-B.  Since these may not be received until January 31 in the first case, and mid-February in the second case, the timing of when the Form 1041 can be produced will depend on the nature of the investment assets.  If the Estate is following a Fiscal Year different from the Calendar Year, then there may be further delay.

Lastly, the Schedule K-1 itself is not "filed' by you but is an integral part of the Form 1041 filing. You receive a copy and you extract the data from it and enter the date from it into your personal Form 1040.

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


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