Father died in 2007, Mother initial beneficiary. Mother died in 2015. Both trusts went to 5 children equally and settled in 2016. Capital gains were paid for securities sold and dividends received in 2016 in our joint return. K-1's did not arrive until 4/7/17...our taxes were filed in mid March. Fathers K-1 has a short term capital loss of $773.00 and tax exempt interest for $26.00. Mother's K-1 had ordinary dividend of $80.00 and "excess deductions on termination" of $197.00.
It appears these numbers will result in an additional small refund that I really don't care about. DO I REALLY NEED TO FILE AN AMENDMENT??????
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I think you have already decided.
"It appears these numbers will result in an additional small refund that I really don't care about."
IRS will match these up to the return, and then compute the tax, which in your case appears to be $80 income and some deductions, and if nothing is missing you probably will not hear and will miss out on a small refund.
If you do decide to file an amended return here are the instructions.
I think you have already decided.
"It appears these numbers will result in an additional small refund that I really don't care about."
IRS will match these up to the return, and then compute the tax, which in your case appears to be $80 income and some deductions, and if nothing is missing you probably will not hear and will miss out on a small refund.
If you do decide to file an amended return here are the instructions.
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