topic Estate k-1 in Get your taxes done using TurboTax

Estate k-1

Farmgirl123 — Mon, 09 Dec 2024 12:12:32 GMT

At the end of an estate you should issue a k-1 to tht beneficiaries.

Can an estate who has been filing fiduciary returns issue a k-1 to a trust that was established at death 3 years later (testamentary)? Or should the Estate have been filing fiduciary returns under the trust since it was created after death?

What happens to all the terminal deductions/losses etc. at the end of estate if you are k-1ing it to the trust?

Re: Estate k-1

Anonymous_ — Fri, 13 Dec 2024 15:04:15 GMT

Re: Estate k-1

Anonymous_ — Fri, 13 Dec 2024 15:04:24 GMT

Re: Estate k-1

Farmgirl123 — Mon, 09 Dec 2024 15:12:50 GMT

Well they are showing that the estate as a PASSTHROUGH entity is k-1'ing the estate to the trust 3 years after death. So the question is if the trust is a PASSTHROUGH entity that can k-1 to the trust??