Re: Estate Initial Return Form 1041 and Schedules ...
Level 15

Business & farm

FYI ... the 1041 is an INCOME tax form which reports income and expenses on the estate ... distributions of corpus is not reported on the income tax return. 

 

And in the final year of the estate, any suspended losses will be released thru the K-1 to the beneficiaries. 

 

 

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