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Level 1
September 24, 2022
Question

My child (a dependent) received a K-1 as they were a beneficiary from an estate. How do I add this to my tax return?

  • September 24, 2022
  • 3 replies
  • 20 views
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3 replies

Critter-3
Level 15
September 24, 2022

You don't ... if the child is required to file a return it goes on their return only.

DoninGA
Level 15
Level 15
September 24, 2022

The Schedule K-1 is entered on the dependent's tax return since they received the income from the estate as a beneficiary.

Rainman12
Alumni - Champ
Alumni - Champ
September 25, 2022

How much taxable income is involved? Depending on amount and kind of income, no return may be required ...