- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Are k-1 forms needed for initial filing of 1041?
June 4, 2019
1:50 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
"are k-1 forms needed for initial filing of 1041?"
A K-1 reports a beneficiary's share of income, deductions, and credits that are being passed through from the trust/estate to the beneficiary.
If any of those items are not being passed through (e.g., no distributions were made), then K-1s are not needed.
June 4, 2019
1:50 PM