To add a bit of extra info, for calendar year estates and trusts, Form 1041 and Schedule(s) K-1 are due on or before April 18, 2017. For fiscal year estates, the due date is the 15th day of the 4th month following the close of their tax year. For example, an estate that has a tax year that ends on June 30, 2017, must file Form 1041 by October 16, 2017. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is the next business day.
And the beneficiaries WILL need the K-1 to complete their taxes.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
