DavidD66
Expert Alumni

Business & farm

You can't tell the program to "skip beneficiaries" and not generate Forms K-1.   The program is going to generate all forms required to be transmitted as part of the e-file transmission.  If the estate pays the appropriate amount in taxes, the beneficiaries aren't responsible for taxes. However, if the estate distributes taxable income to its beneficiaries before paying taxes, then the beneficiary will be responsible for taxes on that income.  

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