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Business & farm
This is completely false and misleading information. I found a way to do it in the software; it literally says SKIP beneficiaries and when you do that it will compute the tax owed and eliminate the step of generating K1s which is what I wanted to do (have the estate pay the tax so that all 10 beneficiaries don't have to deal with a K-1).
Next question: I want to efile the form 1041 using TT Business. IRS requires that we attach the Letters Testamentary with the return. I'm not seeing a way to do this within TT. I can attach form 8453 to the efile return but not seeing a way to include another document as an attachment.
‎April 2, 2025
9:11 AM