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I received a K-1 Form 1041 From my Mother in Laws Estate made out to my late wife's estate in which I am the PR. Do I have to report the loss on my personal taxes?

 
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IreneS
Intuit Alumni

I received a K-1 Form 1041 From my Mother in Laws Estate made out to my late wife's estate in which I am the PR. Do I have to report the loss on my personal taxes?

Eventually.  If the K-1 went into your late wife's estate, the estate should include it in their return (1041) and then it will pass to you and (any other beneficiaries) on a K-1 from your wife's estate.  Include that K-1 in your return.

I'm sorry for your loss.

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1 Reply
IreneS
Intuit Alumni

I received a K-1 Form 1041 From my Mother in Laws Estate made out to my late wife's estate in which I am the PR. Do I have to report the loss on my personal taxes?

Eventually.  If the K-1 went into your late wife's estate, the estate should include it in their return (1041) and then it will pass to you and (any other beneficiaries) on a K-1 from your wife's estate.  Include that K-1 in your return.

I'm sorry for your loss.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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