mjfg
Level 2

Form K-1 / 1041 estate income attributable to beneficiaries. Is there a de minimis?

I am closing out my father's estate. Income for this year was a whopping $40 in interest. No beneficiary will receive more than $20. Do I still have to send them a K-1?

 

If so, how would I submit the K-1, given that I don't have to file a 1041 because the income for the estate was less than $600?