Should a K-1 be issued when stock is transferred to beneficiaries.? There are $1200 in dividends that is under estate because I was not able to do any transfers for 6 months. The dividends are going to be reported on 1041 since income is over $600.
Shawn
Expert Reviewed
No, distributions of principal (like stock) are not reported on Form 1041 Schedule K-1. Cash distributions from income, however, are included on the K-1.
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