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.
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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.
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