Skip to main content
Level 6
October 7, 2024
Question

Form 1041 Schedule K-1 Question

  • October 7, 2024
  • 1 reply
  • 6 views

This might be a stupid question but as a Successor Trustee of a Trust with it’s own Tax ID which has a Sub Trust for a Beneficiary with it’s own Tax ID  which one files the K-1 when money is distributed from the Sub Trust Beneficiary’s IRA? If there was no Sub Trust it would be on the K-1 from the main Trust.

    1 reply

    Level 15
    October 7, 2024
    No text available
    trust812Author
    Level 6
    October 7, 2024

    There is a main Trust with its own Tax ID and 2 SubTrusts under the main Trust each which have their own Tax ID. 

    Level 15
    October 7, 2024
    No text available