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Estate Income Tax (1041) Schedule K-1 Forms
I am the executor of an Estate and will need to file a Form 1041 for 2022. The estate will have a small income of about $3000 after deductions. Am I required to file Schedule K-1 for the beneficiaries if assets from the estate are distributed in 2022? Nothing has been distributed yet, and I am wondering if there would be any benefit in delaying distributions until next year. I would prefer having the Estate pay the taxes due rather than the beneficiaries.
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‎November 30, 2022
4:11 PM