Schedule K-1

Teo1251 — Tue, 25 Feb 2025 02:28:50 GMT

I received a K-1 with dates from 2022-2023. I received the money from the trust in 2024. Which tax year do I file the K-1? The year I received the money or amend my tax return from last year?

Re: Schedule K-1

AnnetteB6 — Tue, 25 Feb 2025 14:22:11 GMT

You would include the income reported on the K-1 with the return that matches the date of the K-1.

Meaning, if the K-1 is for 2023, then that information would be reported on your 2023 tax return. So, you would need to amend your 2023 return (and possibly 2022) if the K-1 is reporting 2023 income items.

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Schedule K-1

Re: Schedule K-1