turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

For a final 1041. There is no income distributed to the beneficiaries, just principal. Do I still have to file a K-1 for the beneficiaries if all of the boxes are zero?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
RichardG
New Member

For a final 1041. There is no income distributed to the beneficiaries, just principal. Do I still have to file a K-1 for the beneficiaries if all of the boxes are zero?

As a general rule the beneficiaries are entitled to a copy of the final K-1, if for no other reason to tell them it's the final return.

View solution in original post

1 Reply
RichardG
New Member

For a final 1041. There is no income distributed to the beneficiaries, just principal. Do I still have to file a K-1 for the beneficiaries if all of the boxes are zero?

As a general rule the beneficiaries are entitled to a copy of the final K-1, if for no other reason to tell them it's the final return.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies