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posted Jun 4, 2019 5:39:53 PM

For a federal 1041 for an estate, do I need to file K-1 with the 1041 and do I need to use each individuals social security number?

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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1 Best answer
Level 15
Jun 4, 2019 5:39:54 PM

3 Replies
Level 15
Jun 4, 2019 5:39:54 PM

Level 3
Sep 15, 2019 2:20:45 PM

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.

Level 15
Sep 15, 2019 3:22:32 PM