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Schedule K-1 and Form 1041
Greetings! I have been using TurboTax for more than 5 years, and bought a stock (stock market stock) few years ago. I have entered K-1 info past few years very simply, using the K-1 info provided by the stock company.
This year, I completed entering K-1, and after the final review, am getting a prompt that an additional Form 1041 needs to be filled out. It shows Schedule K-1 Worksheet - Estates and Trusts. I am a bit confused, as I don't have an Estate or Trust, nor inheriting any.
Do I need to complete this form?
Am wondering what had changed.
Thank you very much for any clarifications.
Best,
jv3_2000
March 22, 2020
3:43 PM