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New Member
posted Apr 13, 2022 4:31:40 AM

Do I need to report the amount of the Trust Beneficiary funds that I received from distribution?

I have already reported information from 1041 Schedule K-1 that was result of that Trust Distribution's taxable income.

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1 Replies
Expert Alumni
Apr 13, 2022 5:35:19 AM

If you've reported the K-1 for the Trust it will have included all the information you needed as a beneficiary.