If I am given a final K1 as a beneficiary of an estate from the CPA doing the taxes, does that mean the estate has been closed?

 

Business & farm

Ask the executor or the estate.  Estates can issue some distributions long before the estate has been closed or a final estate tax return is filed.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Business & farm

Thanks.
DS30
New Member

Business & farm

It depends - a final K-1 would mean either the estate was closed and a final estate return was filed during the current calendar tax year or you are no longer considered a beneficiary of the estate after the current tax year.

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