IreneS
Expert Alumni

After you file

No.  Don't amend your 2016 return yet. 

There are two issues to consider:

  1. For what year is the executor filing the estate return?
  • If they are filing a 2016 return for the estate, then amend your 2016 return when you get the distribution.
  • If they are filing a 2018 return, include the K-1 in your 2018 return (see below).
  • When will the funds be disbursed?
    • Contact the executor of the estate and ask when he/she plans to distribute the bond interest.  It should be soon since they filed the estate tax return saying that the distribution has already been made. 
    • If you receive the distribution before you file your 2018 return, include the K-1.
    • If you haven't received the distribution by the time you file your 2018 return, do not include the K-1 information in your return.  You can amend your 2018 return when you receive the funds.
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