I am the executor for an estate and trying to get ready to file the first and final 1041. The taxes on the income from the estate will be paid by the estate. Not sure if I have to produce K-1 with each beneficiary's distribution since it should not be taxable to them.
You'll need to sign in or create an account to connect with an expert.
How do you handle having the taxes paid by the estate?
I'd like to do that for my mom's estate and trust, but I don't know how to work out having the taxes paid. Any help would be appreciated.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
BarryEM
Level 2
croppers2u
New Member
joeevanski
New Member
Ataman
Level 1
bronwyn_fisher89
New Member