https://ttlc.intuit.com/community/business-taxes/discussion/must-schedule-k-1s-be-issued-when-an-estate-distributes-no-income-deductions-or-credits-to-any/01/394898#M14821 <P>I am trying to close out my mother's estate this year, and it earned very little in interest, with a tax liability less than $10, which the estate will pay.&nbsp; Must I still issue K-1's to myself and the other two beneficiaries?</P><P>Also, if Line 22 on Form 1041 ends up being negative (-266 in this case), is the tax owed simply zero, and the final estate tax forms can be filed and the estate then closed once assets are distributed?<BR /></P> Tue, 04 Jun 2019 19:37:10 GMT anotary 2019-06-04T19:37:10Z https://ttlc.intuit.com/community/business-taxes/discussion/must-schedule-k-1s-be-issued-when-an-estate-distributes-no-income-deductions-or-credits-to-any/01/394898#M14821 <P>I am trying to close out my mother's estate this year, and it earned very little in interest, with a tax liability less than $10, which the estate will pay.&nbsp; Must I still issue K-1's to myself and the other two beneficiaries?</P><P>Also, if Line 22 on Form 1041 ends up being negative (-266 in this case), is the tax owed simply zero, and the final estate tax forms can be filed and the estate then closed once assets are distributed?<BR /></P> Tue, 04 Jun 2019 19:37:10 GMT https://ttlc.intuit.com/community/business-taxes/discussion/must-schedule-k-1s-be-issued-when-an-estate-distributes-no-income-deductions-or-credits-to-any/01/394898#M14821 anotary 2019-06-04T19:37:10Z https://ttlc.intuit.com/community/business-taxes/discussion/no-you-do-not/01/394904#M14823 <P>No you do not.&nbsp;</P> Tue, 04 Jun 2019 19:37:11 GMT https://ttlc.intuit.com/community/business-taxes/discussion/no-you-do-not/01/394904#M14823 Critter 2019-06-04T19:37:11Z