I will have to file a 1041 as there is cap gains and dividends since the date of death in an estate. $800 in div. Can estate pay income tax and not have to send K-1s out?

[cooktrust]

I am setting an estate and need to file taxes for 2016. I wanted the estate to pay tax on the dividend income rather than send out K-1s. The amount is about $800, over the $600 deduction.

Is that OK with the IRS?

[jerry2000]

The estate can pay the income tax if that is what the person in charge decides. But, the estate must still send out K-1s even if they show no tax pass through. Having the estate pay the tax does not prevent the estate from having to send Forms K-1 to the beneficiaries.